TGS, a leading provider of multiclient geoscience data for E&P companies, on Aug. 12 announced a new multiclient U.S. onshore 3D seismic survey within the Powder River Basin called Voyager 3D.
Voyager 3D, located in Johnson County, Wyoming, will encompass approximately 555 sq km. The high-resolution survey is ideally situated in the high potential trend to the north of the basin, where the prospective stratigraphic section of stacked reservoirs exceeds 5,000 feet in thickness. Unconventional targets include two world-class source rocks, the Niobrara and Mowry, along with numerous historically productive formations including the upper and lower cretaceous sandstones and the Pennsylvanian, that are now being exploited successfully with unconventional technologies.
Permitting activities will commence this year with recording of data expected to complete in December 2021 and final products available in second-quarter 2022. The data will be processed by TGS utilizing its modern onshore imaging technology to provide clients with greater reservoir understanding. The Voyager 3D survey is complemented by TGS’ extensive geologic products, which include a fully interpreted regional basin stratigraphic model that is analytics-ready, derived from a vast library of high-quality well data. More than 41,000 LAS logs, 38,700 ARLAS, and over 145,000 raster logs are immediately available for the Powder River Basin.
“While we are being very selective with respect to new onshore investments in the market, the Voyager 3D project is a good example of a project that checks all boxes with respect to the geology, activity, economics and customer support. This project, which is our second in the Powder River Basin, will allow our customers to de-risk their development activities, helping them to generate value in a challenging market,” Kristian Johansen, CEO at TGS, said.
This project is supported by industry funding.
2023-11-13 - Here’s a roundup of the latest E&P headlines, including a small but commercial discovery in the North Sea and new contract awards.
2023-10-16 - Here’s a roundup of the latest E&P headlines including SBM Offshore winning the FEED contract for Exxon Mobil’s Whiptail FPSO and a collaboration agreement by AWS, Shell and SLB.
2023-10-31 - Chevron’s recent $53 billion all-stock deal to acquire Hess Corp. will boost the company’s portfolio in Latin America, a former Chevron executive told Hart Energy.
2023-10-24 - Chevron’s $53 billion all-stock deal for Hess Corp. will see the California oil giant team up with its Texas counterpart Exxon Mobil to create an American “dream team” in Guyana’s offshore Stabroek Block where production has been rising exponentially each year.
2023-09-18 - Here’s a roundup of the latest E&P headlines, including an awarding of blocks from Lease Sale 259 and the start of production from a new well.