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TGS expand their global client coverage

Published by , Editorial Assistant
Oilfield Technology,

TGS, a global provider of energy data and intelligence, in partnership with PGS and Schlumberger, has secured pre-funding for a 6885 km2 multi-client 3D seismic survey offshore Malaysia in the North Luconia Province of the Sarawak Basin. This new acquisition is due to commence in June 2023.

TGS expand their global client coverage

This survey is the second phase of a multi-year contract awarded initially by Petronas in August 2020 to acquire and process up to 105 000 km2 of multi-client 3D data over a 5-year period in the Basin. This survey builds on the initial phase of this project in the Sarawak North Luconia Province, which commenced in 2021 and covered 8400 km2.

Kristian Johansen, TGS CEO, commented: "TGS has built an expansive multi-client data library across the Asia-Pacific region, and we are pleased to return to the Sarawak Basin with our partners. Sarawak is an area that has recently experienced multiple oil and gas discoveries, and we expect this to be a very important basin for future exploration. We continue to work closely and collaboratively with our customers, partners and other stakeholders in Malaysia to drive exploration success."

Survey acquisition is expected to conclude in August 2023, with final deliverables available in 2Q 2024. Interim results will be available to assist with early acreage evaluation.

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