TGS, with consortium partners PGS and SLB, commenced a multiclient 3D seismic project offshore Peninsular Malaysia, according to an April 3 press release.
Petronas in partnership with Malaysia Petroleum Management, aims to use the project, located in the Penyu Basin, to provide insight, from the acquired seismic data, on the exploration opportunities and assess carbon storage potential across the area for the upcoming Malaysia Bid Round.
The Ramform Sovereign survey vessel was mobilized to the 3,000 sq mile data acquisition area in March 2024. The data acquisition is expected to be completed in July 2024, with processing completion projected for June 2025.
TGS CEO Kristian Johansen said the Penyu Basin is one of Southeast Asia’s “most exciting” yet underexplored hotspots, with a potential of uncovering new exploration plays and carbon capture and storage opportunities.
Recommended Reading
TotalEnergies Acquires Eagle Ford Interest, Ups Texas NatGas Production
2024-04-08 - TotalEnergies’ 20% interest in the Eagle Ford’s Dorado Field will increase its natural gas production in Texas by 50 MMcf/d in 2024.
Technip Energies Wins Marsa LNG Contract
2024-04-22 - Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.
Tyra Redevelopment Heading for Production in March
2024-02-28 - TotalEnergies said the Danish North Sea project will take about four months to ramp up and is expected to produce 2.8 Bcm/year.
TotalEnergies Restarts Gas Production at Tyra Hub in Danish North Sea
2024-03-22 - TotalEnergies said the Tyra hub will produce 5.7 MMcm of gas and 22,000 bbl/d of condensate.
Orange Basin Serves Up More Light Oil
2024-03-15 - Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.