MUSCAT, Oman and OLSO, Norway, Jan. 15, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA ('PGS') (NYSE:PGO) (Oslo:PGS) today announces on behalf of The Government of the Sultanate of Oman, Represented by the Ministry of Oil and Gas (MOG):
Announcement of the Gulf of Oman, Blocks 18A, 18B and 41 Licensing Round 2003
The government of the Sultanate of Oman, Represented by the Ministry of Oil and Gas (MOG) is pleased to announce the opening of the Gulf of Oman, Blocks 18A, 18B and 41 License Round, 2003.
This license round is open from today the January 15 and closes on the July 15. It will comprise of 3 blocks, 18A, 18B and 41, situated in the Gulf of Oman. In total the blocks cover an area of 45,240 sq km's. The block sizes are 7,920 sq km's, 13,520 sq km's and 23,800 sq km's respectively.
Closures are of the order of tens to hundreds of square kilometers and reservoirs are potentially stacked in growth-fault roll-over anticlines and collapsed-crest listric fault blocks. Diapir flanks and flower structures provide additional structural closures. Stratigraphic pinch outs are additionally evident in seismic sections.
Detailed information regarding the Gulf of Oman Licensing Round 2003 and the PGS GO2002 Oman Survey can be found in the data library on the PGS Website, see http://www.pgs.com