PGS Inks Multi-Client Seismic Deal in Cyprus

PGS in cooperation with the Ministry of Commerce, Industry and Tourism, Cyprus have signed an exclusive multi-client MC2D and MC3D seismic agreement for offshore Cyprus.

The acquisition has involved approximately 7000 line-km's of MC2D seismic data which covers an area of 60,000 km2 over the Eratosthenes seamount, Levant Basin, and the prolific Nile Delta. The survey will be available late in the second quarter 2006 and ties all the wells in the Deepwater Nemed Block in Egypt. It will form the basis for a future licensing round at the end of 2006.

Detailed information regarding the offshore Cyprus MC2D Phase 1, Survey can be found in the data library on the PGS website or by contacting Mark Spencer Jones or Tom Wolden in Oslo.