TGS-NOPEC Geophysical Company (TGS) and Schlumberger has secured a new 2D seismic project offshore Egypt.
The project is part of an agreement entered with South Valley Egyptian Petroleum Holding Company (GANOPE) in which Schlumberger and TGS have a minimum 15-year period of exclusive multi-client rights in a 70,000 km open area offshore the Egyptian Red Sea.
The project will comprise acquisition of a 10,000 km 2D long-offset broadband multi-client seismic survey and will integrate all legacy seismic and non-seismic data.
“The unexplored offshore Egyptian Red Sea area is made up of large, untested structures and well-established hydrocarbon systems, which offer exceptional growth opportunities for oil companies. New imaging technologies are required to improve subsurface understanding and increase exploration success rates. The upcoming new multi-client 2D seismic acquisition program is the initial step in mitigating the complex salt imaging challenges of this unique opportunity,” said Kristian Johansen, CEO of TGS.
Work will commence mid-December and is expected to complete late in the first quarter of 2018.
