As part of the project, data will be reimaged from three overlapping seismic surveys which total 3,600km² acquired between 1999 and 2008.
The seismic reimaging data is the only available 3D data in this part of the Red Sea. It includes the integration of all seismic and non-seismic data and will use advanced imaging technologies to better define complex subsalt structures.
Backed by industry prefunding, the project will be carried out by TGS and Schlumberger’s geophysical services product line WesternGeco. Data will be available before Egypt’s offshore Red Sea international license closing, which is expected to happen in mid-September 2019.
TGS CEO Kristian Johansen said: “The Red Sea 3D reimaging project follows a multi-client 2D seismic acquisition program that was completed in March 2018 as the initial step in mitigating the complex salt imaging challenges in the area.
“The underexplored offshore Egyptian Red Sea area is made up of large, untested structures that offer growth opportunities for oil companies.”
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The two companies have a prolonged commitment with the Egypt Ministry of Petroleum and South Valley Egyptian Petroleum Holding Company (GANOPE) to acquire and process seismic data, and to promote the Egyptian Red Sea prospectivity.
According to TGS, GANOPE manages Egypt’s hydrocarbon resource potential under latitude line 28°.
WesternGeco president Maurice Nessim said: “Our comprehensive geological understanding, innovative seismic imaging techniques and full integration of non-seismic methods will define new exploration trends in this frontier basin.
“This collaborative approach will help our clients identify high-potential play segments, assess exploration risks and accelerate hydrocarbon discovery.”