GGS-Spectrum Signs Seismic Reprocessing Deal with India's DGH

GGS-Spectrum has signed an agreement with the Directorate General of Hydrocarbons (DGH) of India to reprocess up to 12,000 line kms of 2D seismic data offshore the West Coast of India, and to license the results to third parties.

The survey area covers blocks which are to be included in the forthcoming NELP VII Licensing Round which is expected to open in the third or fourth quarter this year (and close in the first quarter of 2008).

David Rowlands, Director of GGS Spectrum comments:

"Offshore India is viewed by the oil majors and independents as offering considerable hydrocarbon reserve potential, and we are pleased to be working with India's DGH to offer GGS Spectrum's expertise in state of the art re-processing of legacy seismic data. We hope this is the first of many such projects that we undertake on behalf on DGH.

Our combination of bespoke software and proprietary techniques in seismic reprocessing means that licensees of the West Coast data will be able to evaluate more accurately the hydrocarbon prospectivity of the NELP VII blocks. This will in turn allow our clients a better return on the investment.

GGS-Spectrum will apply state of the art processing including multiple attenuation techniques, pre stack time migration and pre-stack depth migration to generate the highest quality data set.