TGS, a global provider of energy data and
intelligence, in partnership with PGS and Schlumberger, has secured pre-funding
for a 6,885 square kilometer multi-client 3D seismic survey offshore Malaysia in
North Luconia Province of the Sarawak Basin. This new acquisition is due to
commence in June 2023.
This survey is the second phase of a multi-year contract awarded initially by
Petronas in August 2020 to acquire and process up to 105,000 square kilometers
of multi-client 3D data over a 5-year period in the Basin. This survey builds on
the initial phase of this project in the Sarawak North Luconia Province, which
commenced in 2021 and covered 8,400 square kilometers.
Kristian Johansen, TGS CEO, commented, "TGS has built an expansive multi-client
data library across 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 this to 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."
"As the custodian of Malaysia's petroleum resources, Malaysia Petroleum
Management (MPM), PETRONAS is actively enhancing seismic data sets in the
country that will introduce new plays to be explored to our clients, especially
in imaging the pre-MMU play in the deep-water area of Sarawak Basin," he added.
Survey acquisition is expected to conclude in August 2023, with final
deliverables available in Q2 2024. Interim results will be available to assist
with early acreage evaluation.
