TGS in Nigerian joint venture

Norway’s TGS has entered into an agreement with PetroData Management Services for the formation of TGS-PetroData Offshore Services Limited, a joint venture entity, to provide geoscience data products and services to the petroleum industry in Nigeria.

According to TGS, PetroData Management Services is a leading local provider of seismic data storage and document management solutions.

TGS says in a press release that the new entity will provide E&P operators in Nigeria with high quality geoscience products and services including seismic data and processing services, digital wellbore data, and geological and geophysical interpretation studies and services.

“TGS has an established track record in providing high quality data in the right places at the right time to assist with licensing rounds and the preparation of regional data programs. Nigeria is one of the most prominent oil provinces in Africa with significant future exploration potential. This is the ideal time to deepen our commitment to the territory with a trusted local partner who is experienced in supporting the Government and operators in their drive to make informed energy decisions” stated Stein Ove Isaksen, Senior VP Eastern Hemisphere for TGS.

“We are delighted to have entered into this agreement with TGS to deliver increased customer value by enabling data-driven investment decisions. TGS-PetroData offers exploration and production companies both technical expertise and a broad portfolio of products and services to support the entire field development cycle from inception to abandonment” said Wole Shebioba, Managing Director of PetroData.