PGS PGS ASA

PGS 3D Data Covers Angola 2021 Offshore Licensing Round | Kwanza Shelf and Lower Congo Basin

PGS 3D Data Covers Angola 2021 Offshore Licensing Round | Kwanza Shelf and Lower Congo Basin

PGS has 3D seismic data, acquired in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), covering most of the available opportunities in the Angola 2021 bid round for offshore Kwanza and Lower Congo Basin, announced this month.

The round, under Angola’s Petroleum Activities Law, seeks to award eight areas.

The PGS data library coverage uses a combination of 3D GeoStreamer technology and modern imaging techniques to unlock plays and opportunities in the blocks on offer.

  • Blocks 7/21 and 8/21 on Kwanza Shelf revealed in 3D GeoStreamer quality
  • Block 16/21 in the Lower Congo Basin revealed in 3D GeoStreamer coverage
  • Block 34/21 Lower Congo Basin covered by conventional 3D data
  • MegaSurvey | Regional coverage of 45 000 sq. km with information on thickness trends, structural setting, depositional environments, and play fairways (includes blocks 31/21, 32/21, 33/21)

“The proven prospectivity of the Angola offshore area has been evidenced by numerous oil and gas discoveries. PGS data and geoscience studies provide excellent coverage of the opportunities, enabling regional understanding of the hydrocarbon potential offshore Angola and supporting block-level analysis of the areas on offer. This will permit companies to gain geological understanding, derisk petroleum systems and plays, and unlock opportunities,” says Christine Roche, Sales Manager West Africa at PGS.

PGS MultiClient data coverage for Angola offshore license round.

Find Out More

Contact for more information or to arrange a virtual data show on PGS data coverage for Angola 2021 Kwanza Shelf and Lower Congo Basin Licensing

Further . Or contact ANPG for information at



EN
30/09/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on PGS ASA

Steffen Evjen
  • Steffen Evjen

Winter is coming

Streamer vessel demand remains muted (2024e tracks ~10% below pandemic levels). We believe a potential recovery in the TGS equity case rests on supply-side discipline remaining intact despite what appears to be a challenging winter season utilisation-wise along with key peer Shearwater’s cash flow-supportive agreement with Viridien expiring in January.

ABGSC Oil & Oil Services Research ... (+6)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • John Olaisen
  • Martin Mauseth
  • Oliver Dunvold
  • Stian Wibstad

Crude Quarterly Q3'24: Lower oil price

Oil inventory draws for the rest of 2024. IEA is wrong – peak demand is not imminent. Both E&P and oil service shares look highly attractive.

ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen

Terminating coverage

ABGSC has ceased coverage of PGS due to its acquisition by TGS.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch