PGS has received approval from ANCAP to reprocess and rejuvenate its Uruguay MC3D GeoStreamer dataset.

Originally acquired in 2012 (survey 3DUR12) and covering an area of 15 600 sq. km, this data provides indispensable insights into Pelotas Basin prospectivity. 

The reprocessing sequence is designed to unlock further opportunities within these basins, helping to redefine exploration frontiers in this region.

The data rejuvenation will be conducted by a team of highly experienced geophysicists in the PGS Imaging center in Houston. Innovative technology including imaging with multiples (SWIM), Full Waveform Inversion (FWI) and Least Squares imaging will elevate the level of resolution and bring the fidelity required to further develop this frontier basin.  

“PGS's commitment to innovation and excellence drives us to deliver superior data quality, helping our clients understand the subsurface better. As we progress, we look forward to sharing more updates and insights into this exciting project, so stay tuned!” says Adriana Sola, Senior Business Development Manager South America at PGS.

Uruguay

Recent discoveries offshore Namibia have invigorated exploration interest on both sides of the Atlantic. Successes offshore Namibia support the potential for viable analogs on the South American side of the conjugate margin where the depositional systems are similar. 

Access to new acreage, transparent fiscal terms, and a predictable land-sale policy make Uruguay an attractive region for oil and gas exploration.

The under-explored Punta del Este and Pelotas basins in Uruguay exhibit many of the same petroleum system features as the discoveries in Namibia. 

PGS has long experience in Uruguay. Their first 3D GeoStreamer acquisition in 2012 provided a unique understanding of the prospectivity across the basins. More recently, the Company have undertaken a large reprocessing project of data from the Pelotas to the Punta del Este basin.

PGS' data library in Uruguay comprises over 15 600 sq. km of 3D data and 11 500 km of 2D data. The seismic data has been used to generate quantitative interpretation products that further identify and derisk exploration targets. These QI products are available with the Company's MultiClient data bundle. 

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