Oslo-listed seismic data provider TGS has secured funding for a series of multi-client projects in Southeast Asia.
The program, anticipated to start in the fourth quarter of 2023, covers six months of new 2D and 3D seismic data acquisition, over 6,600 km of legacy 2D seismic data reprocessing and 300,000 sq km of 2D-cubed processing.
The company said the projects will complement its existing library across India, Bangladesh, Indonesia, Malaysia, and Timor-Leste.
Commenting on the latest developments, Kristian Johansen, CEO at TGS, said: “This program demonstrates our commitment to investing in energy data in Southeast Asia. The energy demand is increasing in line with the region’s rapid economic growth, driven by growing populations and rising incomes. This growth brings with it a number of challenges as governments and E&P companies strive to supply this energy affordably and sustainably. Clients can remain confident that TGS is dedicated to supporting them through these challenges with all their exploration, production and CCS activities.”
