PGS awarded new contracts
  by: OilOnline
  Friday, January 18, 2002

Petroleum Geo-Services ASA announced that its onshore division has secured new seismic acquisition contracts in the United States, Ecuador, India and Bangladesh valued at $58 million, boosting the Company's backlog of 2002 onshore work to more than $110 million.

In the United States, PGS has been selected to acquire two separate 3D surveys in the Hugoton Field in Kansas. PGS will employ its High Density 3D (HD3D(TM)) technology, featuring 55 ft. X 55 ft. bins, and very high trace density 3D coverage that exceeds 440,000 traces per square mile. Two crews, each equipped with 7,000 channels of Sercel 408 recording equipment, will record these surveys. These crews will begin in January and work through the winter to complete the surveys prior to the start of the winter wheat season.

Additionally, PGS will shoot a 102 square mile, multi-client 3D survey in the prolific Anadarko Basin in Dewey County, Okla. The survey will be recorded with a deep hole high energy dynamite source to image productive Red Fork formation channel sands in an area where conventional vibroseis recording has been ineffective.

On the Alaskan arctic North Slope, PGS is re-deploying two highly sophisticated "soft footprint" seismic crews to acquire both proprietary 3D and multi-client 2D seismic data. PGS' 2D multi-client crew in Alaska will acquire a data set targeting the Foothills gas play and extending the proven Southern Turbidite oil play. The Foothills portion of the program will be shot in rough terrain, over a lightly explored gas prone region high on the flanks of Alaska's Brooks Range. This exploration 2D project will provide high-resolution data with 144 fold and 27 1/2 foot CDP spacing to image the steeply anticlinal structures. The Pre-Stack Time Migrated (PSTM) data will be available in time for Alaska's 2002 Spring and Fall lease sales.

Internationally, PetroEcuador has awarded PGS the 325 square kilometer Libertador 3D project in Ecuador's Oriente Basin. PGS' technical offering was selected by PetroEcuador as the best for the project to revitalize one of the Ecuador's most important producing fields. In India, PGS has secured a contract from ONGC for 330 square kilometers of 3D transition zone seismic on the coast of the Andhra Pradesh. The area surveyed will extend from the beach out to approximately 30 meters of water depth along India's central eastern coastline. PGS will employ dual sensor equipped Sercel 408 gear with PGS' proprietary modifications for shallow marine application. PGS will utilize a specially designed, composite hulled catamaran shallow draft gun boat to work in water depths less than one meter near shore. In Bangladesh, PGS has been awarded a contract to acquire a 457 square kilometer HD3D(TM) seismic survey in the Dhaka area.

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