PGS gathering seismic data for Egypt’s West Mediterranean Bid Round in 2019 - ENERGY EGYPT / UPSTREAM ONLINE

JUNE 11, 2018 AT 2:34 PM

PGS to gather seismic data for Egyptian frontier licensing round.

Oslo-listed player to acquire 2D and 3D data in West Mediterranean ahead of licensing exercise.

Oslo-listed Petroleum Geo-Services (PGS) is set to acquire further seismic data off Egypt’s Western Desert this year in preparation for a planned West Mediterranean frontier licensing round.

According to geophysician Matthew Pyett of PGS, the company will collect nearly 14,000 kilometers of 2D data, as well as 7,000 square kilometers of 3D data, reports industry papers. According to Pyett, the West Mediterranean licensing round is set to be launched “sometime next year” and also suggested the licensing exercise could be split into two phases.

Egypt’s West Kalabsha concession receives high-density 3D survey - OIL & GAS JOURNAL

HOUSTON, FEB/08/2018
Tayvis Dunnahoe

CGG and Ardiseis, subsidiary of Arabian Geophysical & Surveying Co. (Argas), have delivered 2,000 sq km of what the partners refer to as reservoir characterization-ready broadband seismic data on the West-Kalbsha survey on behalf of Apache Corp. in Egypt’s Western Desert.

The ultradense survey represents 72 million traces/sq km, which is 2-3 times denser that any survey acquired to date. In what the companies are calling a step-change, CGG deblended the data through an algorithm. The company’s CleanSweep and EmphaSeis acquired low-frequency-rich broadband data starting from 1.5 hz, which is free of the harmonic noise contamination that is known for hindering broadband high-productivity Vibroseis acquisition.

Energean reports first CPR results for two blocks, offshore Montenegro - WORLD OIL

 Comparison of SPE and NPD Classifications

OCTOBER/19/2017

LONDON -- Energean Oil & Gas has announced the first Competent Persons Report (CPR) for its assets offshore Montenegro, compiled by Netherland Sewell & Associates (NSAI), detailing the recoverable gas and liquids resource estimates in respect to Energean’s 100% interest in blocks 4218-30 and 4219-26.

The CPR shows the combined net unrisked prospective recoverable resources (P50) for the two blocks, awarded to the Company earlier this year, as 1.8 Tcf natural gas and 144 MMbbl liquids (438 MMboe in total).