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  4. Seismic consortium secures pre-funding for Sarawak Basin survey

Seismic consortium secures pre-funding for Sarawak Basin survey

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Oilfield Technology,

TGS together with PGS and WesternGeco®, the exploration data business line of Schlumberger, have secured pre-funding for a 6400 km2 multi-client 3D survey commencing in October in the Sarawak Basin, offshore Malaysia.

The survey is the first phase of a multi-year contract awarded by Petronas in 2020 through competitive bidding to acquire and process up to 105 000 km2 of multi-client 3D data over a five-year period in the Basin.

The first phase of the survey will be acquired by PGS’ Ramform Sovereign using multi-sensor GeoStreamer technology and is expected to take approximately four months.

The survey area covers acreage included in the Malaysia Bid Round 2021 and fast-track results will be delivered in time for block evaluation. Future acquisition phases are subject to securing sufficient pre-funding.

Nathan Oliver, Executive Vice President, Sales & Services at PGS commented: “We are very pleased to commence the first phase of MultiClient acquisition in the Sarawak basin. By combining the Ramform vessel and our multi-sensor GeoStreamer technology, the energy industry will get access to high-quality seismic data to explore this prolific hydrocarbon basin.”

Will Ashby, Executive Vice President, Eastern Hemisphere at TGS, commented: "Through working closely with our clients and consortium partners, we were able to develop this important project which builds upon recent exploration success in the area. This project will support the upcoming bid round offshore Sarawak and will spearhead the next wave of exploration in this region."


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Read the article online at: https://www.oilfieldtechnology.com/exploration/22072021/seismic-consortium-secures-pre-funding-for-sarawak-basin-survey/

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