TGS to acquire two North America onshore 3D seismic projects
The company has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin in Texas, US, and Ravenclaw 3D in the Edson area of Alberta, Canada.
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The company has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin in Texas, US, and Ravenclaw 3D in the Edson area of Alberta, Canada.
The two companies are to acquire a series of large-scale, high-density, multi-client surveys in the Central Basin Platform (CBP) of the Permian Basin.
The ultramodern data was acquired over blocks Z5-C and Z5-D and surrounding open acreage as part of a multi-client programme agreed between CGG and Mozambique’s Instituto Nacional de Petroleo (INP).
The survey will provide modern 3D data over held and vacant acreage in the frontier Papuan Basin.
80 trillion ft3 of shallow gas resources has been discovered within an area of 5000 km2 between Abu Dhabi and Dubai.
The programme was unveiled at DigEx 2020 in Oslo, Norway, where the company discussed how it is making use of digital technologies, including the latest cloud infrastructure, to reduce the time from “idea to discovery”.
Over 80% of the company's 2020 Exploration & Production capital and exploratory budget will be allocated to high return investments in Guyana and the Bakken.
The licensing round comprises twelve blocks on offer in the Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea Conakry (MSGBC) Basin, offshore Senegal.
One of the most productive areas in the world for oil remains rich in the resource, according to the latest USGS assessment.
The projects are valued at approximately US$42 million and are scheduled to occur primarily during 2Q20.
The company has announced that the Q10-A field offshore the Netherlands produced 258 million m3 of gas during 4Q19, compared to 203 million m3 in 3Q19.
The agreement with Colombia’s National Hydrocarbon Agency, the ANH, grants rights to reprocess existing data and acquire new 2D and 3D multi-client programmes offshore Colombia’s Caribbean coast.