PGS 2D data from the Pelotas to the Punta del Este basins enables assessments for Uruguay’s 2022 license round, with conjugate margin analogs to discoveries in Namibia and South Africa. Final time and depth products are available.

PGS has completed its 11 600 km rejuvenation project offshore Uruguay. Data released this week covers acreage for the 2nd Uruguay License Round, scheduled for November 2022.

This reprocessed 2D volume covers the great extension of Uruguay's shallow and deepwater provinces, with ties to 15 600 sq. km 3D GeoStreamer data. Notable improvements in data quality are visible across the entire basin.

Increased resolution reveals mini basins in the shallow water areas, and confirms sizable amplitude leads in the deepwater. A better understanding of the petroleum system is now possible, by identifying the distribution of the source rocks, seal and trap mechanisms of the reservoirs.

PGS has rejuvenated datasets from the 1970s through 2011, using a state-of-the-art broadband pre-processing flow and modern depth velocity model building, with imaging benefiting from PGS hyperBeam tomography and Kirchhoff pre-stack depth migration.

Conjugate Context

As the recent discoveries of Graff and Venus in Namibia Orange Basin highlight, across the conjugate margin, better-quality data can support a re-assessment of Uruguay's potential related to different play levels and locations.

About PGS

PGS ASA and its subsidiaries (“PGS” or “the Company”) is a fully integrated marine geophysical company that provides a broad range of seismic and reservoir services, including data acquisition, imaging, interpretation, and field evaluation. Our services are provided to the oil and gas industry, as well as to the broader and emerging new energy industries, including carbon storage and offshore wind. The Company operates on a worldwide basis with headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).