(Source: Shutterstock.com)
Seismic and geophysical data company TGS has been awarded a 2D seismic survey in Indonesia’s Sumatra Basin, the company said on Sep. 6.
The survey, conducted using China Oilfield Services’ HYSY 718 vessel, will cover two regions, comprised of between 5,500 km and 6,500 km. The seismic acquisition is expected to be completed by the end of the fourth quarter.
Earlier this year, TGS completed a multi-client 2D reprocessing project in the Sumatra Basin that integrated key discoveries with available open acreage. The new survey aims to complement TGS’s existing 2D and 3D seismic datasets in the region.
TGS CEO Kristian Johansen said North Sumatra has been the site of major discoveries in the past few years.
“With this being our sixth consecutive acquisition project offshore Indonesia, TGS remains dedicated to advancing exploration in the region. Our high-quality seismic data continues to shed light on crucial play concepts, extending exploration potential into open acreage and unlocking exciting opportunities within the Sumatra basin,” he said.
Recommended Reading
Post Oak Capital Backs Permian Team, Invests in Haynesville
2024-10-11 - Frost Cochran, managing partner at Post Oak Energy Capital, said the private equity firm will continue to focus on the Permian Basin while making opportunistic deals as it recently did in the Haynesville Shale.
ONEOK’s EnLink/Medallion Deal is Market-wise, Financially Astute
2024-10-11 - In addition to bolstering its multi-basin network, ONEOK pulled off a $5.9 billion transaction while leaving its credit rating intact.
Babcock & Wilcox Sell Italian, Swedish Businesses
2024-10-10 - Babcock & Wilcox Enterprises will focus on core business lines, including coal-to-natural gas conversions in the U.S., the company said.
Exxon Adds 270,000 Acres for Largest Carbon Storage Site in the US
2024-10-10 - Exxon Mobil has leased acreage on the Gulf Coast from the Texas General Land Office for carbon capture and storage.
After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory
2024-10-10 - After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.