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TGS Announces Achievement of Five Milestones Accelerating Growth

Gasoil News - Published on Wed, 18 Sep 2019

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TGS, a leading provider of multi-client geoscience data for exploration & production companies, announced achievement of five milestones accelerating the company’s growth strategy. The achievements include new technologies in key basins; strengthening position in the South Atlantic; further growth onshore; enhancing imaging and efficiencies; and expanding the value chain through data and analytics. New technologies in key basins: At the SEG conference in San Antonio, TGS will release preliminary imaging results for the Amendment Phase 1 FWI node survey in the US Gulf of Mexico. This project, which was acquired in partnership with Schlumberger, is the largest deepwater node survey ever delivered in the GoM. The survey was optimized to acquire a minimum of 40 kilometer ultra-long offsets another industry first for an area of this size.

In Europe, TGS has seen good progress on the Utsira dense OBN survey which is now expected to complete in September. The survey is the first major multi-client OBN project in the region and is being carried out in cooperation with Axxis Geo Solutions.

A strengthening position in the South Atlantic: TGS commences its latest survey in the MSGBC basin offshore North-West Africa. The Senegal ultra-deep offshore 3D survey covers over 4500 km2, with a modern broadband acquisition system. The project is undertaken in partnership with GeoPartners, using the BGP Prospector.

This survey is adjacent to the Jaan 3D survey acquired in 2018-19. The new survey will illuminate plays in the ultra-deep to build upon the success the basin has experienced with SNE, FAN and Yakaar. The project has a 60-day acquisition timeline, with fast-track data available four months after acquisition and the full dataset by August 2020.

Further growth onshore: TGS acquires Lasser, Inc. to fuel artificial intelligence with historical production data covering onshore US basins. Combined with existing TGS data, such as Analytics Ready LAS (ARLAS) and seismic data attributes, this will provide further insight on industry trends, such as parent-child wells interaction, and shed light on the potential and limitations in today’s unconventional basins.

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Posted By : Rabi Wangkhem on Wed, 18 Sep 2019
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