The project will encompass approximately 6800 km2 and will be acquired with long offsets and processed using a Pre-Stack Depth Migration (PSDM) workflow to enable sub salt imaging ahead of the anticipated license round. Final products are expected in 4Q22.
The Red Sea is considered to hold significant hydrocarbon potential, and opportunities in Egypt are enhanced by a stable investment environment, established exploration infrastructure and regular, transparent and well managed licensing rounds.
Kristian Johansen, CEO at TGS, commented: “The Egyptian Red Sea area comprises a range of prospective hydrocarbon systems with large, untested structures offering excellent growth opportunities for oil companies. Using modern acquisition and imaging technologies, we continue to improve subsurface understanding and increase exploration potential in a country that continues to attract investment from E&P companies.”
TGS and Schlumberger have a long-term commitment with the Egypt Ministry of Petroleum and South Valley Egyptian Petroleum Holding Company (GANOPE) to promote the prospectivity of the Egyptian Red Sea. Through the acquisition and processing of seismic data. GANOPE is responsible for managing Egypt’s hydrocarbon resource potential under latitude line 28°.
Read the latest issue of Oilfield Technology in full for free: Issue 3 2021
Oilfield Technology’s third issue of 2021 starts with a report from Wood Mackenzie focusing on the upstream industry’s fortunes in Asia-Pacific. The rest of the issue is dedicated to features covering offshore engineering, coiled tubing, frac technology, completion technologies, water management, well placement and much more.
Exclusive contributions come from Wild Well Control, Cudd Pressure Control, TMK, NOV, Archer, Tendeka, TETRA Technologies and more.
Read the article online at: https://www.oilfieldtechnology.com/exploration/29102021/tgs-and-schlumberger-to-carry-out-seismic-survey-in-egyptian-red-sea/
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Initially launched as an oil and gas portal in 2010, Pathfinder has been regularly updated to meet changing needs and now features projects including well decommissioning campaigns, offshore wind and carbon capture and storage opportunities.