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.
Recommended Reading
US Oil Rig Count Inches Up
Companies added three oil rigs in the week to Jan. 24, bringing the total count to 676, energy services firm Baker Hughes Co. said in its weekly report.
USGS: Alaska’s Central North Slope Could Hold ‘Billions More’ Barrels Of Oil
Most of the undiscovered technically recoverable oil resources are believed to be in the Brookian Sequence, the USGS report shows.
Best Of This Week’s Drilling Activity Highlights (Jan. 24, 2020)
A Marcellus Shale discovery by EQT, Marathon’s Upper Three Forks completion and two horizontal Woodford producers top this week’s drilling activity highlights from around the world.