TGS announces exclusive commercial well log agreement with ANCAP

The Ministry of Industry, Energy and Mining (MIEM) of the Republic of Uruguay has been authorised by the President of the Republic to allow the Administración Nacional de Combustibles, Alcoholes y Portland (ANCAP) to contract directly with TGS for the purpose of standardisation and commercialisation of a multi-client well data programme for exploration wells in Uruguay.

This partnership with TGS supports Uruguay's long term exploration strategy that was launched in 2007 incorporating participation and risk-sharing by international E&P companies. A number of major international companies are now active in this region. Four exploration wells are expected to be drilled next year in the underexplored frontier Cuenca Norte onshore sector of the regional Chaco-Parana basin.

Enhancing exploration

"We are excited to add Uruguay's well data to our ever expanding global well log library," noted John Adamick, Senior VP Geological Products. "The partnership between TGS and ANCAP will provide extensive access to technical data that will enhance exploration in Uruguay."

TGS' global well database includes over eight million logs and other borehole data from key hydrocarbon provinces worldwide. The data is available online via LOG-LINE Plus!®, a data repository with search, order and download capabilities.

TGS' global well database includes over eight million logs and other borehole data from key hydrocarbon provinces worldwide. The data is available online via LOG-LINE Plus!®, a data repository with search, order and download capabilities.

TGS provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/06092016/tgs-announces-exclusive-commercial-well-log-agreement-with-ancap/