Wingat-1 in the Walvis Basin (now Chevron's PEL 82) targeted carbonates and met the same fate. https://shorturl.at/Hpqt3
Murombe-1 indicated a shift in exploration interest toward the clastic plays. https://shorturl.at/xy62a
PCL is clearly targeting clastic plays, turbidite fans and channel sands. And AVO is playing a major, though not exclusive, role in identifying prospects and leads. PCL reported last January regarding the 3D seismic volume CCG acquired for Woodside last year that:
"A comprehensive and detailed geophysical and geological interpretation of these data is currently in progress and is to include Quantitative Interpretation (QI). The primary aim of the QI analysis will be to identify seismic anomalies that may represent direct hydrocarbon indicators (DHIs). This QI program can commence only now that the final PSDM angle stack gathers are available and will include amplitude vs offset (AVO) analysis."
More recently, PCL also announced they have hired an AVO specialist to help interpret those PSDM (Post Stack Depth Migration) angle stack gathers. Hopefully we'll hear much more about how that is coming along in the upcoming Q&A session.
Wingat-1 in the Walvis Basin (now Chevron's PEL 82) targeted...
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| PCL (ASX) Chart |