TGS, a leading provider of multi-client geoscience data for E&P companies, in partnership with PGS, released the final 3-D seismic data results offshore Newfoundland and Labrador on March 31, ahead of the C-NLOPB announcement of parcels and the forthcoming licensing round.
The fully merged and migrated Tablelands and North Tablelands 3-D datasets cover approximately 12,500 sq km (4,826 sq miles) in the eastern part of Orphan Basin. The uplift in image quality provided by these datasets will enable E&P companies to fully evaluate this acreage ahead of the scheduled licensing round. The final full integrity data delineates key Cretaceous and Jurassic source rock intervals, with potential producing reservoirs from Lower Cretaceous to Lower Tertiary.
Tablelands and North Tablelands, together with the Long Range survey to the south, reveal the play fairways of the Orphan Basin, demonstrating the numerous horsts, grabens, and multiple prospective traps. All the necessary petroleum system elements in the Orphan Basin and discoveries to the east are identified on the broadband GeoStreamer data.
A quantitative interpretation of the final North Tablelands results will be available in April for participants in the round.
TGS, in partnership with PGS, have been acquiring 2-D and 3-D GeoStreamer multi-client data in Newfoundland and Labrador since 2011. The data outlines play fairways across offshore eastern Canada, including Labrador Sea, Orphan Basin, Flemish Pass Basin, Jeanne d’Arc Basins and the basins in Grand Banks. The partnership has an extensive seismic library offshore eastern Canada with comprehensive geological products.
The Spring 2021 meeting of the Colorado School of Mines’ Reservoir Characterization Project featured field projects around the globe including a Permian Basin project operated by Apache.
Unlike most U.S. producers, Diversified, which this month changed its name from Diversified Gas & Oil, does not drill new wells, but buys mature gas fields and focuses on slowing their decline rates.
The divestiture primarily comprise natural gas-producing properties in the western Delaware Basin of the Permian and also include a small undeveloped acreage position, Callon Petroleum said.