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GEOPHYSICAL OIL AND GAS EXPLORATION INCREASES IN INTERNATIONAL WATERS, REPORTS PETROLEUM INFORMATION

 GEOPHYSICAL OIL AND GAS EXPLORATION INCREASES
 IN INTERNATIONAL WATERS, REPORTS PETROLEUM INFORMATION
 HOUSTON, May 21 /PRNewswire/ -- Global geophysical oil and gas exploration declined markedly in the past year, despite a significant increase in the number of active marine seismic surveys, according to Petroleum Information Corp. (PI).
 A total of 343 geophysical oil and gas exploration crews and vessels were gathering data around the world (excluding China and the CIS) as of mid-May, reports PI, down from 352 in April and a decline of 39 crews, or 10.2 percent, from the year-ago count of 382.
 The bulk of the global decline has been felt in the United States, where the crew count has fallen more than 35 percent in the past year, from 124 to 80.
 However, offshore seismic counts in many areas outside the United States have skyrocketed in the past year. While the Gulf of Mexico vessel count has plunged from 27 to just 18 since last May, the number of seismic vessels working internationally jumped from 68 to 91. More than half of the vessels working outside the United States this month are in European waters, including 39 currently employed in the North Sea.
 Fourteen boats are gathering data offshore southeast Asia, including five in Indonesian waters, three off Malaysia and two offshore Vietnam. Offshore Africa, seven vessels are at work, including four off Nigeria, one offshore Congo and another offshore Egypt in the Mediterranean Sea.
 Six vessels currently are at work in Australian waters, all off the western coast. In Latin American waters, meanwhile three vessels are gathering data this month, including two offshore Brazil and one off Argentina. No vessels were reported working offshore Canada or the Middle East this month.
 Petroleum Information is the world's largest oil and gas information firm, with offices throughout the United States as well as in Calgary, London and Perth. PI offers reporting services, data and data analysis services, seismic data and training, maps, logs and a variety of other exploration and production services to the petroleum and related industries.
 -0- 5/21/92
 /CONTACT: Tom Cheney or Dana Cain both of Petroleum Information, 303-740-7100/ CO: Petroleum Information Corp. ST: Texas IN: OIL SU:


MC -- DV012 -- 2986 05/21/92 15:31 EDT
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Publication:PR Newswire
Date:May 21, 1992
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