TGS-NOPEC Geophysical Co. (TGS) on Aug. 5 has been awarded a five-year contract for digital well log data processing with the U.S. Department of the Interior, Bureau of Safety and Environmental Enforcement (BSEE), a federal agency tasked with overseeing offshore oil and gas activities. TGS has been providing digital well log data processing services to BSEE since 2004.
BSEE requires complete, defect-free sets of processed, high-quality open-hole digital well log data and contracts companies to serve as an agent of BSEE for the processing, storage, and delivery of this data. TGS is the official release agent for new offshore well data and does all the digital well log processing for all four BSEE regions (Gulf of Mexico, Pacific, Alaska, and Atlantic).
“We greatly appreciate the continued trust placed in TGS by BSEE and are proud to better serve our national oil and gas industry by further expanding our data availability. Our engagement is perfectly aligned with our mission to enable our customers to hit the ground running by accessing the largest library of high-quality subsurface data in the industry,” Carl Neuhaus, vice president of well data products at TGS, said.
The TGS well data library includes more than 1.6 million immediately available LAS files, as well as over 6.2 million raster log images in the U.S., in addition to a broad spectrum of other well-related data and geoscience interpretation products.
Husky, the operator and majority owner of the White Rose Field, said it expects production there to ramp up to about 20,000 barrels per day after the start-up.
Producers completed 5,749 wells in Texas from January to July versus 6,514 in the same period last year, the Railroad Commission of Texas said on Aug. 16.
Companies added six oil rigs in the week to Aug. 16, the biggest increase since April, bringing the total count to 770, Baker Hughes, a GE company, said in its weekly report.