TGS and Schlumberger secures seismic project offshore Egypt

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.

 

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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