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  4. TGS and Fairfield Geotechnologies acquire 3D seismic survey in Delaware Basin

TGS and Fairfield Geotechnologies acquire 3D seismic survey in Delaware Basin

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Oilfield Technology,

TGS and Fairfield Geotechnologies have agreed to acquire a new multi-client survey within the previously announced area of mutual interest (AMI) established between the two companies in June 2018.

The companies have commenced operations on The Channel 3D survey in Lea County, New Mexico. Permitting is underway for an initial outline of 440 km2 with acquisition set to begin in 2Q20.

The San Simon Channel, separating the Central Basin Platform from the Northwestern Shelf, is an area with new resource potential in the Permian Basin. The Channel 3D survey is designed to image deeper targets in the Strawn and Atoka algal mounds as well as the Bone Spring Sands and Wolfcamp intervals. Other productive zones with remaining potential include Devonian, Abo, and Paddock horizons. Operators will have access to comprehensive data coverage from which to enhance their exploration efforts.

This high-resolution 3D survey extends TGS and Fairfield Geotechnologies’ footprint in a key area of the Permian Basin. This project is supported by industry funding.

Read the article online at: https://www.oilfieldtechnology.com/exploration/10032020/tgs-and-fairfield-geotechnologies-acquire-3d-seismic-survey-in-delaware-basin/

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