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PGS launches 2D shoot in the Guy Block offshore Namibia

18th November 2014

PGS Geophysical has commenced a 1,000 kilometre 2D seismic survey on the Guy Block in the Walvis Basin for Eco (Atlantic) Oil & Gas, offshore Namibia

PGS launches 2D shoot in the Guy Block offshore Namibia
The survey is expected to be completed by the end of the month

“We are pleased with the continued progress of our exploration programmes for all of our licenses,” said Colin Kinley, chief operating officer of Eco Atlantic.

“The exploration work recently completed on other blocks in the region and the extensive work conducted by our team and block partners have given us an increased understanding of the structure of the basin. We are progressing well towards establishing a defined model.

“PGS will use its Geostreamer technology to conduct the survey and we have contracted the same ship and crew that recently finished shooting our 3D seismic survey on our Cooper block. Once completed and processed, the additional 1,000 kilometres of 2D will further define the block for us, our partners, as well as other interested parties."

The survey is expected to be completed by the end of the month.

Subject to Namibia’s ministry of mines and energy approving the Eco Atlantic’s transfer of an additional 10 per cent working interest in the Guy Block to Azimuth Namibia, Eco Atlantic will hold a 60 per cent working interest in the Guy Block, Azinam will hold a 30 per cent working interest, and Namcor holds a 10 per cent carried working interest. 

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