PGS, a Norwegian marine geophysical company, has informed that its initial data volumes covering the North Sea plays relevant for the seventh Danish Licensing Round will be available in May and August 2016.
Earlier in April, Denmark awarded sixteen new offshore licenses to twelve oil and gas exploration companies. The 7th Licensing Round was opened on April 24 2014, and the application period ended in October 2014. By the time the deadline ended, 25 applications had been submitted by 15 oil companies.
According to PGS, this pre-funded MultiClient acquisition extends the company’s dual-sensor coverage to 3 450 sq. km in this sector. Coverage includes parts of the Danish Central Graben, the Tail End Graben, the Coffee Soil Fault, and a section of the Ringkøbing-Fyn High.
The company said that trapping potential was seen in the Jurassic sandstone layers, as well as in the Cretaceous and Paleocene chalk and sandstones. A Permian-Carboniferous sub-basin is now clearly exposed east of the Coffee Soil Fault, the geophysical company noted.
The project is acquired in two parts. Ramform Vanguard started Phase 2 in mid-March using a configuration of 10 x 8 km streamers, towed at 20 m depth with 75 m streamer separation.
Data acquisition is now complete and a poststack time migrated volume after initial demultiple (3D SRME) will be available in August, PGS stated. The company also said that fast-track data from Phase 1, acquired in 2015, would be available in early May 2016.