Petroleum Geo-Services has joined the African Energy Week 2023 conference as a gold sponsor, enabling the company to provide insights into emerging geo-services trends across the African oil and gas market.
Africa possesses abundant energy resources, all of which are poised to play a pivotal role in meeting growing energy demand. However, tapping into this potential requires geological expertise, cutting-edge technology, and sustainable practices, areas where companies such as Petroleum Geo-Services (PGS) excel. PGS is committed to sustainable practices for a just energy transition in Africa, using advanced seismic technology to reduce environmental impact while contributing to discovering oil and gas finds.
The African Energy Chamber (AEC) is pleased to announce that PGS will participate as a Gold Sponsor and Geophysical Partner for African Energy Week (AEW) 2023, the AEC’s premier event for the energy sector, scheduled for October 16–20 in Cape Town.
PGS, as a provider of geophysical and seismic services, offers invaluable expertise and solutions that not only facilitate the exploration and extraction of hydrocarbons but also promote sustainable energy development across the African continent. The company’s cutting-edge technology and geological expertise are instrumental in mapping out and identifying potential oil and gas reserves beneath Africa’s landscape. Additionally, its advanced seismic imaging technology allows for precise subsurface imaging, reducing the environmental impact of drilling and exploration activities.
The company’s seismic surveys and data analysis have helped energy companies and governments pinpoint promising exploration areas, facilitating the initiation of crucial oil and gas projects. For instance, in Angola, the company has partnered with the government, undertaking the acquisition and processing of MultiClient 3D and 2D seismic data while gathering a substantial repository of geological information. For emerging markets set to enter the oil and gas scene, these efforts become increasingly pivotal in the initial stages of exploration in untapped onshore and offshore blocks. This is particularly significant as licensing rounds in countries such as the DRC (30 blocks), Kenya (63 blocks), South Sudan and more, open up exciting opportunities for exploration activities that will require geo-services.
The company is also making significant strides in expanding its presence within the MSGBC Basin. The company has recently embarked on a ground-breaking MultiClient 3D GeoStreamer survey, covering blocks A4 and A5, which promises to provide substantial value for both immediate and long-term subsurface analysis of the region. This pioneering endeavor is expected to reveal multiple plays, with a specific emphasis on the carbonate bank (shelf edge), shallow water delta plays, and deepwater channel systems. What makes this project even more promising is the confirmation of a working petroleum system in an underexplored area within the prospective MSGBC basin.
“Africa’s energy potential is immense, but unlocking it requires a delicate balance of responsible exploration and sustainable practices. Companies like PGS play a crucial role in this endeavor. The company’s advanced technology and expertise enable the continent to explore untapped basins and discover reserves while minimizing environmental impact. PGS’s commitment to precision and innovation aligns with the Chamber’s vision for responsible energy development in Africa,” states NJ Ayuk, Executive Chairman of the AEC.
African nations can leverage PGS’s services to responsibly unlock their respective oil and gas reserves. By partnering with PGS, governments can ensure data transparency and accuracy, attract investments from global energy companies, and develop regulatory frameworks that promote sustainable energy practices.
In its capacity as a Gold Sponsor and Geophysical Partner of AEW 2023, PGS reaffirms its dedication to Africa’s energy sector. During the event, the company will take on a central role in all geoscience-related dialogue, engaging with a multitude of delegates under efforts to sign deals and foster greater sustainability across the African upstream market.
AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://aecweek.com
