Petroleum Africa
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Wednesday, March 26, 2014
PGS’ new multi-client survey covering 13,000 line km in the frontier area offshore the eastern coast of South Africa is making “excellent progress.” The acquisition program is ahead of schedule (approaching 70% complete to date) and has successfully surmounted the many challenges of the area, including strong currents.
The acquisition is taking place through an agreement with Petroleum Agency of South Africa (PASA).
According to PGS the data will give an approximate 20 km x 20 km grid of high-quality seismic over this frontier area and includes well-ties into the shallower waters in the south-west and north-east areas. This is the first comprehensive data-set to be acquired over these blocks.
Acquisition of the deepwater multi-client 2D GeoStreamer survey offshore South Africa is expected to be complete in Q2 2014 with fully processed data available in Q4 2014.
PGS revealed that there are still opportunities available to license the data, which would ensure early access, as well as the opportunity to input into the processing workflow. Early-access opportunities will expire in Q2 2014.
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