TGS has commenced a new survey in the MSGBC Basin, offshore north-west Africa on Sept. 19.
The Senegal ultradeep offshore 3-D survey covers over 4,500 sq km (1,737 sq miles), with a modern broadband acquisition set-up. It is being undertaken in partnership with GeoPartners - using the vessel, BGP Prospector—and has the full support of the national oil company, Petrosen.
This standalone survey borders Jaan, TGS’ 3-D dataset covering the southern portion of the MSGBC Basin. The survey will illuminate plays in the ultradeep to build upon the success the basin has experienced with SNE, FAN and Yakaar. The project has a 60-day acquisition timeline, with fast-track data available four months after acquisition. The full dataset will be available by August 2020.
“I am delighted to announce the commencement of Senegal ultradeep, our latest 3-D survey that extends our coverage in a region in which we have been active for a decade. The MSGBC Basin has been one of the most exciting of the world’s frontier exploration basins in recent years and this survey will help to further develop opportunities for our customers offshore Senegal,” Kristian Johansen, CEO at TGS said.
Crude oil inventories also hit another record high on the U.S. Gulf Coast, where the bulk of the nation's refining capacity is located.
For the week ahead we expect moderate gains to continue. Brent will likely average close to $67/bbl.
During the week ahead, Stratas Advisors expect Brent to continue falling as demand fears grow, likely averaging $60/bbl.