Area Drilling

PortugalTGS-NOPEC Geophysical Co., Houston, plans to acquire new 2D seismic surveys west and south of existing surveyed areas on the continental shelf.The company obtained from the government the right to acquire and sell multiclient and proprientary data over the entire shelf for 5 years. A 5 year extension is possible.The agreement with the Institute of Geology and Mining, a department of the Ministry of Economy, covers all geophysical methods from gravity-magnetic and oil-seep data to 2D and 3D seismic acquisition and processing.Evaluation of older seismic data in light of recent hydrocarbon discoveries on both sides of the North Atlantic margin indicated that the most prospective geol...

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