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Petroleum Geo-Services ASA Signs Agreement for MultiClient Surveys Offshore Namibia


Wednesday, 21 Nov 2012 02:00am EST 

Petroleum Geo-Services ASA announced that the Company has signed an agreement with the National Petroleum Corporation of Namibia Limited (NAMCOR), with the full support of the Ministry of Mines and Energy, for the acquisition of both 2D and 3D MultiClient seismic offshore Namibia. Under the 10 year agreement, the Company will begin its operations with the acquisition of a 2D regional survey during the first quarter of 2013 over the open deep-water blocks. These blocks will form the basis of a future Licensing Round and the PGS survey will be the primary technical dataset for that Round. The Company will be utilising the latest GeoStreamer dual sensor technology on this survey, which runs the entire length of the Namibian offshore, from the Angolan border in the north to the South African border in the south. The agreement also provides the Company with the rights to acquire 3D MultiClient surveys. 

Company Quote

34.27
-1.73 -4.81%
10:08am EDT