TGS, in partnership with PGS, has commenced the acquisition of the Cape Anguille 3D program, the company said on June 7. This program expands the TGS-PGS joint venture with an additional 10,000 sq km of 3D coverage offshore Newfoundland.
The survey covers existing lease blocks and open acreage in the prospective Orphan Basin. The Orphan Basin has, among others, potential Cretaceous and Tertiary infill depocentres. The data acquired and processed will include Kirchhoff 3D PSTM volumes, and PGS’ Ramform Titan will perform the long offset acquisition, utilizing Geostreamer technology.
“The TGS and PGS joint venture offshore East Canada has successfully and consistently provided the industry with the highest quality data in advance of scheduled lease rounds,” Kristian Johansen, CEO at TGS, said. “The Cape Anquille 3D survey will be instrumental in assessing potential prospects that have initially been identified from our comprehensive 2D library in the region. Leads have been identified from seismic and work supported by amplitude variations (AVO). Our combined seismic, well log and interpretation datasets provide the industry with invaluable subsurface insight. This data will enable our clients to provide improved geophysical and geological insights to de-risk their exploration activities and prepare for upcoming licensing rounds. TGS is working with our partner PGS to build on this project to make this part of a two vessel season.”
Fast Track Kirchhoff PSTM stacks are scheduled to be delivered by November 2021. Final Kirchhoff PSTM stacks are expected to be delivered to TGS Data by March 2022
This project is supported by industry funding.
Recommended Reading
E&P Highlights: May 13, 2024
2024-05-13 - Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.
New Permian Math: Vital Energy and 42 Horseshoe Wells
2024-05-10 - Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.
SM Energy Targets Prolific Dean in New Northern Midland Play
2024-05-09 - KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Vår Selling Norne Assets to DNO
2024-05-08 - In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.
Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe
2024-05-10 - Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.