Global energy intelligence and data provider TGS, in partnership with PGS and Schlumberger, has secured pre-funding for a multi-client 3D seismic survey of 6,885 square kilometers (2,658 square miles) off the coast of Malaysia in the province of Northern Luconia in the Sarawak Basin.
TGS said in a statement on Tuesday that this new acquisition was due to start in June 2023. The survey is the second phase of a multi-year contract initially awarded by Petronas in August 2020 to acquire and process up to 105,000 square kilometers of 3D customer data for five years in the Basin.
This survey is based on the initial phase of this project in Sarawak North Luconia province, which started in 2021 and covered 8,400 square kilometers.
“TGS has built an extensive multi-client data library in the Asia-Pacific region and we are pleased to return to the Sarawak Basin with our partners. Sarawak is an area that has recently experienced multiple oil and gas discoveries, and we expect will be a very important basin for future exploration. We continue to work closely and collaboratively with our customers, partners and other stakeholders in Malaysia to drive exploration success,” said Kristian Johansen, CEO of TGS.
“As the custodian of Malaysia’s petroleum resources, Malaysia Petroleum Management, Petronas is actively improving seismic data sets in the country that will introduce new plays to be explored for our clients, particularly in the pre-MMU play image in the deep water area of Malaysia. Sarawak Basin,” he added.
Survey acquisition is expected to conclude in August 2023, with final results available in the second half of 2024. Interim results will be available to assist in early acreage assessment.
In recent company news, TGS began work in mid-April on the 7,856 square mile Peninsular Malaysia Phase 2 regional 3D reprocessing project. Combined with the 7,856 square mile Phase 1 project, the data coverage represents one of the largest multi-client 3D reprocessing projects ever undertaken in Asia.
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