TGS achieves five milestones aimed at accelerating growth

Norwegian seismic player TGS has reached several milestones aimed at accelerating the company’s growth strategy.

TGS said on Monday that these milestones strengthened its position in the South Atlantic, further growth onshore, enhancing imaging and efficiencies and expanding the value chain through data and analytics.

At the SEG conference in San Antonio, TGS will release preliminary imaging results for the Amendment Phase 1 FWI node survey in the U.S. Gulf of Mexico. This survey, the largest deepwater node ever delivered in the GoM, was acquired in partnership with Schlumberger.

TGS added that it was making good progress on the Utsira dense OBN survey, expected to be completed in September.

As for the South Atlantic, TGS began its latest survey in the Mauritania-Senegal-Guinea-Bissau-Conakry (MSGBC) basin offshore northwest Africa. The Senegal ultra-deep offshore 3D survey covers over 4500 square kilometers. The project is undertaken in partnership with GeoPartners, using the BGP Prospector.

The new survey will illuminate plays in the ultra-deep to build upon the success the basin has experienced with SNE, FAN, and Yakaar. The project has a 60-day acquisition timeline, with fast-track data available four months after acquisition and the full dataset by August 2020.

New seismic data delivery service

TGS announced the same-day delivery of acquired seismic data by successfully utilizing Bluware Teleport, a proprietary data compression technology enabling transmission of seismic data via low bandwidth satellite links.

During a recent test in Argentina, TGS was able to receive and process data to ultra-fast track pre-stack time migration (PSTM) products within 24 hours.

It is worth noting that TGS and Quantico Energy Solutions arranged a technology collaboration to leverage their respective offerings in seismic data, AI-based well logs, and AI-based seismic inversion. Also, the collaboration will feature TGS’ Arlas solution.

Kristian Johansen, CEO of TGS, said: “These strategic milestones further enhance TGS’ position as the leading provider of subsurface intelligence, providing our clients and the industry with the quality data they need to make the best possible decisions for their investments.”

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