Ghana: Petroleum Commission Signs Multi-client Survey Deal With PGS For Seismic Data Acquisition

Ghana’s petroleum upstream regulator, Petroleum Commission and Petroleum Geo-Services (PGS), a global oil and gas data acquisition company, have signed a three-year multi-client survey agreement for the acquisition of seismic data in the Tano Basin offshore the Republic of Ghana.

The agreement was signed at the closing ceremony of a two-day Data Acquisition Workshop organised by the Petroleum Commission, in collaboration with PGS, in Accra, the capital of Ghana.

Senior Vice President for Africa and Middle East at PGS, Mr Chris Drage, said the company would invest in reprocessing available data to improve the quality of the data to attract investors.

The multi-client survey which is called the Mega survey began in 2001 in the North Sea.

It has a large, modern dataset using public and PGS-owned 3D Systems.

The multi-client survey programme with the Petroleum Commission when completed would be used for road shows to promote the acreage to attract potential oil companies to take blocks in the Tano Basin.

Signing the agreement at the Upstream Petroleum Data Workshop in Accra, Mr. Chris Drage said PGS would invest two million dollars to reprocess the data.

“The improved quality of the data will be used to show potential investors the value and the opportunities in Ghana. And the quality of the data will mean they are more likely to invest. We will invest the best part of 2 million dollars to reprocess the data,” he said.

The Chief Executive of the Petroleum Commission, Mr Egbert Faibille, said the multi-client seismic data acquisition agreement is timely.

“Our decision to go with multi-client seismic data acquisition is not just lip service but also something very concrete, which we seek to use as a signpost to get more investments to Ghana’s upstream petroleum sector. Data, no matter when you acquire it, is good.

“However, because of time and also advances in technology, if you are not careful, data that you got a year or two ago, because of evolving technology when you look at it and want to decide as to where to drill, you would not have the feeling that you should drill, because it’s not been processed or reprocessed to the point where there is a lot of clarity,” he said.

The Upstream Petroleum Data Workshop provided an opportunity for geoscientists to discuss the importance of data acquisition and how to make it accessible to investors to enable them to make a decision

Source: https://energynewsafrica.com