CGX hires PGS for Corentyne survey, defers rig contract

Canadian oil and gas company CGX Energy has hired PGS to conduct a 3D seismic survey over its Corentyne Block offshore Guyana. CGX has also deferred all operational obligations under its drilling rig contract for the Ralph Coffman jack-up due to the re-sequencing of commitments in the Corentyne Block.

CGX Energy said on Monday that, through its subsidiary CGX Resources (CRI), it had executed a contract with PGS Geophysical to provide acquisition and processing of a full broadband marine 3D seismic survey, to produce seismic data covering approximately 582 km2 of the northern portion of the Corentyne Block offshore in Guyana.

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