TGS Announces Prefunding on 2D Multi-Client Seismic Project Offshore Sabah, Malaysia
08 Enero 2024 - 12:00AM
TGS Announces Prefunding on 2D Multi-Client Seismic Project
Offshore Sabah, Malaysia
OSLO, Norway (8 January 2024) – TGS, the
leading global provider of energy data and intelligence, in
cooperation with JV consortium partners PGS and SLB, has announced
that prefunding has been secured 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 kilometers of new 2D seismic data
acquisition, over 2,600 kilometers of legacy seismic data
processing, and 2,800 square kilometers of 2D-cubed processing as
part of a multi-year contract originally awarded by PETRONAS in
2016.
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.”
“The 2D Multi-Client project will provide high-quality seismic
data across Sabah. I am very pleased that we have secured
pre-funding and we mobilized for the project in November 2023,”
says Rune Olav Pedersen, President & CEO of PGS.
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.
This project is supported by industry funding.
About TGSTGS provides scientific data and
intelligence to companies active in the energy sector. In addition
to a global, extensive and diverse energy data library, TGS offers
specialized services such as advanced processing and analytics
alongside cloud-based data applications and solutions.
Forward Looking StatementAll statements in this
press release other than statements of historical fact are
forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are
based upon assumptions as to future events that may not prove
accurate. These factors include volatile market conditions,
investment opportunities in new and existing markets, demand for
licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal
customers. Actual results may differ materially from those expected
or projected in the forward-looking statements. TGS undertakes no
responsibility or obligation to update or alter forward-looking
statements for any reason.
For more information, visit TGS.com or contact:
Sven Børre LarsenChief Financial
Officerinvestor@tgs.com
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