Two new PGS MultiClient GeoStreamer® surveys offshore Côte d’Ivoire drive further exploration success in the Atlantic Equatorial Transform Margin.

Petroleum Geo-Services (PGS), with local partner Laguna and in cooperation with Petroci, is currently acquiring 2,300 sq km of MultiClient 3D GeoStreamer® data over blocks CI-506 and CI-507, offshore Côte d’Ivoire. The new MultiClient 3D GeoStreamer data will cover part of the western offshore Côte d’Ivoire, a frontier area within the larger Atlantic Equatorial Transform Margin.

In cooperation with the operators, PGS/Laguna has also recently completed the acquisition of 1,500 sq km of MultiClient 3D GeoStreamer data over blocks CI-12 and CI-501, offshore Côte d’Ivoire. This new MultiClient 3D GeoStreamer data covers both shallow and deep water acreage, reflecting and supporting continued success along this margin.

Exploration offshore Côte d’Ivoire has historically focused in the East, where fields such as Lion, Panthere, and Baobab have proven a working petroleum system. However, as these fields mature, exploration is beginning to move West into analogous reservoirs in open acreage.

Oil industry interest in this area has also previously focused in shallower waters on the shelf, in both syn or post-rift structures. However, recent discoveries clearly show a trend towards deeper water and post-rift targets. New fields such as Jubilee (2007) and Paon (2012) have successfully demonstrated the greater opportunities in post-rift, Late Cretaceous turbidite fan systems in 2,000 m water depths.

Both new Côte d’Ivoire surveys complement the extensive existing PGS MultiClient 3D and 2D seismic data sets in the region and help to de-risk exploration projects in this under-explored area. The proven capabilities of GeoStreamer®, PGS’ leading-edge acquisition technology, to enhance exploration efforts by enabling better geological modelling with less reliance on well data, as well as improved prospect definition and identification, give greater confidence in subsurface imaging, especially in frontier areas.

Acquisition of the CI-506 and CI-507 MultiClient 3D GeoStreamer survey is expected to be complete in Q2 2014 with the first datasets available in Q3 2014.

Early-access opportunities are still available to organizations for licensing the data, ensuring early access, as well as the opportunity to input into the processing workflow. Early-access opportunities will expire in Q2 2014.

About Petroleum Geo-Services

Petroleum Geo-Services is a focused marine geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The company also possesses the world's most extensive MultiClient data library. PGS operates on a worldwide basis with headquarters at Lilleaker Oslo, Norway.