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TGS and Schlumberger secures seismic project offshore Egypt

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.

 

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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