PGS has secured industry pre-funding for another large multi-season MultiClient survey in the Norwegian Sea. The first phase of the survey will be acquired in 2023 by the Ramform Hyperion.
Acquisition is scheduled to start late June with a duration of approximately 75 days. The second phase of the survey will be completed in the 2024 season with a further approximately 70 days of acquisition.
“I am very pleased we have secured strong pre-funding for another large MultiClient survey in the Norwegian Sea which is accretive to our existing coverage. We are currently acquiring phase 2 of our NWS GeoStreamer X MultiClient survey in the same basin, scheduled to complete next year.
“Adding this second multi-season MultiClient survey, we now have booked one vessel for the full 2024 summer season. The high MultiClient activity is strong evidence of renewed exploration interest on the Norwegian continental shelf,” says President & CEO in PGS, Rune Olav Pedersen.
Earlier, PGS announced that it had, together with JV consortium partners TGS and SLB, secured pre-funding to expand MultiClient 3D coverage in the prospective Sarawak Basin offshore Malaysia. The survey will cover approximately 6,800km² and the Ramform Sovereign is scheduled to commence acquisition in June 2023 and complete in August.
The survey is the second phase of a multi-year contract awarded initially by PETRONAS in August 2020 to acquire and process up to 105,000 km² of MultiClient 3D data over a five-year period in the Basin. First phase of the Sarawak program was acquired in 2021 and covered 8,400 km².
“The Sarawak basin comprises a proven petroleum system with many producing fields already present in the Central Luconia province. By acquiring MultiClient data with our Ramform vessels and GeoStreamer technology, PGS and partners will provide high quality regional scale seismic data that will improve understanding of the petroleum systems and allow for prospect level AVO analysis and leads mapping beyond the established offshore Sarawak producing assets,” says President & CEO in PGS, Rune Olav Pedersen.
“As the custodian of Malaysia’s petroleum resources, Malaysia Petroleum Management (MPM), PETRONAS is actively enhancing seismic data sets in the country that will introduce new plays to be explored to our clients, especially in imaging the pre MMU play in the deep-water area of Sarawak Basin,” he added.