TGS, PGS, SLB to expand exploration offshore Malaysia with 2D seismic data acquisition prefunding
(WO) – TGS, in cooperation with JV consortium partners PGS and SLB, has secured prefunding to expand multi-client seismic data coverage in the Sabah basin offshore Malaysia.
The seventh phase of this multi-year project off the coast of Sabah encompasses over 5,000 km of new 2D seismic data acquisition, over 2,600 km of legacy seismic data processing, and 2,800 km2 of 2D-cubed processing as part of a multi-year contract originally awarded by PETRONAS in 2016.
The Eagle Explorer vessel mobilized in November 2023, with acquisition completion anticipated in February 2024. Fast-track results are anticipated to be available for evaluation during the 2024 Malaysia Bid Round.
Kristian Johansen, CEO at TGS, commented, “High-quality 2D seismic data across Sabah will be instrumental in promoting future bid rounds. It also allows E&P companies to further assess exploration opportunities in an under-explored proven petroleum system surrounded by prolific hydrocarbon provinces.”
