PGS' Atlantic Explorer collected an average of more than 150 km of new data per day from the end of March to the middle of May 2016. This data complements the legacy data that exists for the area which is currently being reprocessed and will be available for delivery in July 2016. Processed data from the new survey will be available from December 2016.

The Egyptian area of the western Mediterranean Sea is comparatively underexplored. It covers from south to north: a narrow shelf zone including the south-north trending Matruh Canyon, a transform margin, parts of the Herodotus Basin and the Herodotus Fold Belt to the northwest. With the presence of proven Jurassic/Cretaceous oil and gas plays, Nile sourced Pliocene sandstones and pre-salt carbonate build-ups analogous to Zohr, this is a region that merits closer inspection.

Imaging and assessment of the new geophysical data will now be performed in collaboration with the Egyptian Natural Gas Holding Company (EGAS). This, along with the reprocessed legacy data, will be the basis for data packages and for delineating exploration blocks in future licensing rounds. The next licensing round is anticipated to be in 2017.

Advanced pre-stack depth migration (PSDM) will be performed on both the reprocessed legacy 2D data (10 300 km) and on the new broadband 2D GeoStreamer dataset (7 300 km) and will be available by the end of 2016. The new imaging products will reveal the petroleum potential in this exciting frontier area.

New and reprocessed PGS 2D data covering Egypt's West Mediterranean Sea

PGS - Petroleum Geo-Services ASA published this content on 23 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 June 2016 14:01:05 UTC.

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