TGS completed a transaction to purchase over 800 sq miles of onshore 3-D seismic surveys from a U.S. based E&P company, according to a company press release on Dec. 19.
The Norwegian-based oilfield service company said the transaction supports its onshore growth strategy with the addition of key surveys, most notably in the Scoop/Stack shale play of the Anadarko Basin, Powder River Basin and Permian Basin.
Kristian Johansen, CEO at TGS, commented, “These new datasets strengthen our position in core areas of onshore U.S. and expand our library coverage in new prospective areas.”
Furthermore, the purchase complements TGS’ leading seismic data offering in the onshore U.S. and offers operators a more comprehensive onshore seismic library from which to enhance their exploration efforts in significant hydrocarbon-bearing basins, the company release said.
The data is available for licensing immediately.
Pace and response to vaccines add uncertainty to planning, says agency analyst.
The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.
The risk has receded for now, the agency said.