TGS has commenced the Espirito Santo multiclient 3D seismic survey offshore Brazil, the company said on Jan. 13. This survey, covering 2,694 sq km, will broaden the region’s 3D coverage while adding to the extensive offshore seismic library. This survey is being acquired in a dual-azimuth acquisition format.
Espirito Santo fast track data is expected in fourth-quarter 2021 and will be processed using Dynamic Matching Full Wave Inversion (DM-FWI). DM-FWI is a technology that uses seismic reflection and refraction information to automatically update the velocity model and allows for superior, geologically coherent velocity models, improved subsurface analysis and reduced uncertainty. Dynamic Matching FWI achieves a step-change in velocity modelling where imaging in depth is clearer and more geologically consistent while overcoming many of the limitations of standard FWI.
“We are pleased to commence this new survey as we grow our 3D library and further position TGS in the region,” Kristian Johansen, CEO at TGS, said. “Further, we remain strongly committed to conducting our operations in a sustainable manner while providing first-class data and insights services offshore Brazil and all areas of operations around the world.”
This project is supported by industry funding.
Recommended Reading
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
Vital Energy Again Ups Interest in Acquired Permian Assets
2024-02-06 - Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
DXP Enterprises Buys Water Service Company Kappe Associates
2024-02-06 - DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
Tellurian Exploring Sale of Upstream Haynesville Shale Assets
2024-02-06 - Tellurian, which in November raised doubts about its ability to continue as a going concern, said cash from a divestiture would be used to pay off debt and finance the company’s Driftwood LNG project.