A reprocessing initiative taken by EDEY, the Greek Hydrocarbon Management Company, for older seismic survey data collected by Norway’s PGS in the Ionian Sea and off Crete, covering a total of 12,500 square kilometers, is expected to produce its first results this month, the hydrocarbon company has announced.
EDEY has signed a data reprocessing agreement with PGS, which will strive to complete the project by June, 2018. Once obtained, the reprocessed data should enable the Greek State to provide more detailed information to prospective hydrocarbon investors and, ultimately, increase the likelihood of successful exploration ventures by oil companies.
More sophisticated equipment, offering clearer pictures of existing data and the aforementioned submarine areas, is being applied in the reprocessing effort.
In addition, EDEY is now conducting preliminary work for 3D seismic surveys covering 2,000 square kilometers in the northern part of the Ionian Sea, southwest of Corfu, while densification of existing 2D data is planned for areas south of Crete and south of the Peloponnese, covering a total of 4,000 square kilometers.