PGS, in cooperation with ANPG, has begun a new fully prefunded MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021.

Ramform Atlas is acquiring high-density 3D GeoStreamer data using a 10 x 8 025 m streamer spread. The survey is designed to produce data of superior resolution, to increase understanding of the prolific Lower Congo Basin. The Block 1/14 survey provides the first 3D data in the area.

PGS is currently evaluating a series of new acquisition projects within the Lower Congo Basin.

Geological Targets

Exploration targets in the Lower Congo Basin are found in several stratigraphic intervals. The post-salt section contains the proven Miocene play with numerous producing oil fields. The Upper Cretaceous remains relatively underexplored with multiple opportunities identified. The presalt section has had minimal exploration activity but vintage data indicates considerable potential.

About PGS

PGS ASA and its subsidiaries (“PGS” or "the Company") is a focused marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The Company MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. 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).