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November 19, 2020

TGS commences 3D seismic survey project offshore Argentina

Geoscience data company TGS has commenced a 3D seismic survey project in offshore Argentina.

By Aninda Chakraborty

Geoscience data company TGS has commenced a 3D seismic survey project in offshore Argentina.

Originally announced in August, the Malvinas 3D programme involves acquiring 5,000km² of data. The company has deployed BGP vessel Prospector for the work.

The project is scheduled to be completed in the first quarter of next year. Once complete, the total coverage in the area will increase to 18,000km².

TGS also announced two new projects in offshore Brazil.

The first project is the Espirito Santo 3D survey, for which the company will utilise the COSL vessel HYSY720. This Dual Azimuth (DAZ) survey will cover a 1,400km² area in the Espirito Santo.

The acquisition is expected to be completed by the end of next year first quarter.

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The other project involves 7,000km 2D Survey in the Pelotas Basin during the first quarter of 2021. The project will deliver depth imaged products in early Q3 2021, during the 17th Brazil license round.

The new data set will strengthen the existing coverage and will help in improving prospect mapping.

The company will utilise BGP’s vessel Pioneer for this project.

TGS CEO Kristian Johansen said: “We are pleased to announce three new projects and strong visibility for our Q1 2021 multi-client investments. Latin America is one of our key focus areas and despite the challenging market conditions, our clients are continuing to support our projects in this region.

“Strong, long-term partnerships with our suppliers allow us to share risk and reduce cash investments, which provides a unique opportunity to continue our counter-cyclical investment philosophy.”

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