PGS and Joseph Exploration set up Gulf of Mexico collab
PGS and Joseph Exploration (JEX) have established a technical collaboration in the West Cameron protraction area in the Gulf of Mexico.
Under the agreement, PGS will provide seismic data from the MultiClient 3D Flex Trend dataset for prospect development work to be undertaken by JEX.
PGS’ processing and imaging experts and JEX technical team will work together to deliver the work.
The study area in West Cameron is a subset of the PGS Flex Trend dataset which was acquired between 1993 and 1999 comprising 21 individual surveys and covering 32,930 square kilometers across the U.S. shelf and shelf break.
This dataset has been rejuvenated several times, and the most recent dataset from this year supports the exploration of deeper prospective intervals below the Pleistocene level than was possible with earlier imaging.
“Joseph Exploration (JEX) brings an exploration methodology that leverages the importance of salt kinematics to unlock overlooked hydrocarbon potential,” said Elazar Ovalle, CEO of JEX.
“There remains a prospective trend in this area of the Gulf of Mexico and quality seismic data like what is being provided by PGS is critical to successful exploitation. We are very pleased to work within this alliance for the mutual benefit of PGS and JEX.”