PGS wins Ivory Coast survey

February 27, 2014

Petroleum Geo-Services (PGS), with local partner Laguna and in cooperation with Petroci, is currently acquiring 2300sq 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 1500sq km of data over blocks CI-12 and CI-501, offshore Côte d’Ivoire. This survey covers 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 successfffully demonstrated the greater opportunities in post-rift, Late Cretaceous turbidite fan systems in 2000m water depths. 

Acquisition of the CI-506 and CI-507 multiclient 3D GeoStreamer survey is expected to be complete in 2Q 2014 with the first datasets available in 3Q 2014. 



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