PGS in Springboard survey kick off (Australia)

Norway’s seismic survey company Petroleum Geo-Services (PGS) has begun the Springboard MC3D program in the Ceduna sub-Basin, offshore South Australia.

PGS previously announced the program back in June saying that the Springboard MC3D has significant industry support and is being acquired by the Ramform Sovereign, a PGS state-of-the-art seismic vessel that utilizes PGS’ GeoStreamer® technology.

According to the company, the proven capabilities of GeoStreamer, PGS’ leading-edge towed streamer acquisition technology will enhance hydrocarbon exploration efforts by giving greater confidence in subsurface imaging, improved prospect definition and identification as well as better geological modelling with less reliance on sparse well data. The program will see some 8,000 sq km of industry leading GeoStreamer data acquired in this frontier area.

Ceduna sub-Basin

PGS says that the Ceduna area has become a hotspot for exploration activity following recent gazettal round awards to major E&P companies and represents a significantly under-explored frontier area with the Springboard survey area presently lacking any 3D seismic data. It is widely expected that drilling will start in this deep water area in 2016/2017 and, as such, all companies will be seeking to improve confidence in their leads and prospects with the new high quality Springboard 3D seismic data.

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