PGS has Ccoverage on 41 of the 61 APA 2020 License Awards

Source: www.gulfoilandgas.com 1/27/2021, Location: Europe

PGS has coverage on 41 of the 61 APA 2020 license awards within its 230 000 sq. km of GeoStreamer MultiClient data library for Norway, providing fast access to MultiClient data to understand key areas of nearfield opportunity in the North Sea and the Norwegian Sea.

In addition to the seismic coverage of APA license areas, PGS also offers rock physics properties related to these seismic datasets in its rockAVO atlases.

The Norwegian Petroleum Directorate recently awarded 61 new production licenses to 30 companies. This shows that the petroleum industry still has significant expectations of making profitable discoveries on the Norwegian Shelf, according to NPD director of license management, Kalmar Ildstad.

“This year’s APA once again encourages exploration of nearfield opportunities, with blocks close to existing infrastructure. GeoStreamer data is ideal for detailed evaluation of mature areas – the data allows accurate definition of subsurface uncertainties and confident risk analysis,” says Christopher Schou Watts, VP Data Sales Europe.

GeoStreamer Data Supports 79% of NCS Discoveries in 2020
GeoStreamer datasets in the Norwegian and North Sea, including the latest GeoStreamer X coverage in the Viking Graben, offer an excellent platform for the effective exploration of untapped opportunities in the mature parts of the Norwegian continental shelf.

PGS plans new GeoStreamer acquisition on the NCS in 2021, with GeoStreamer multisensor data, expertly preprocessed and imaged using the latest technology and tailored workflows, to help companies spot hidden targets, rank and further derisk their exploration on NCS.


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