StockMarketWire.com - Energy sector investment company Scirocco Energy said its Ruvuma joint venture had awarded a seismic acquisition contract to Africa Geophysical Services.

The Ruvuma joint venture, in which Scirocco owned a 25% stake, had been able to take advantage of favourable market conditions to 'secure a Lumpsum contract considerably below the JV's expected budget for the activity,' the company said.

Africa Geophysical Services intended to commence activities in the Ntorya location from October 2021.




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