November 10--Petroleum Geo-Services announced that it will acquire a new MultiClient 3D seismic survey in the area of DeSoto Canyon located offshore Alabama and Florida in the Gulf of Mexico.

Covering approximately 250 deepwater OCS blocks (5828km²), the new program named "Discovery" focuses on a relatively underexplored area recently opened for leasing in the Central and Eastern GoM planning areas.

PGS will be acquiring the DeSoto Canyon survey using its new and unique GeoStreamer technology. This will be the industry’s first 3D implementation of GeoStreamer yielding higher fidelity data. The PGS Atlantic Explorer will commence the first phase of data acquisition in December 2008 and acquisition of the entire 250 block project will be completed in approx. 9 months.

BP America Inc. will be an underwriter for the survey and collaborate technically on the project, focusing on extracting the maximum technical benefit that the GeoStreamer delivers. The project has attracted wide interest from oil companies with lease holdings in the area and those wishing to acquire new acreage or those seeking farm-in opportunities.