OSLO, Norway – TGS and Schlumberger will co-operate on a new 3D seismic survey in the Red Sea, offshore Egypt.
This will be the second phase of acquisition for the partners in this region, covering a minimum of 5,000 sq km (1,930 sq mi).
Acquisition, due to start this month, will involve long offsets: the data will be processed using Pre-Stack Depth Migration (PSDM) for sub-salt imaging. Final products should be available in mid-2023 ahead of future license rounds in the region.
According to TGS, the Red Sea is thought to offer significant hydrocarbon potential with broad range of prospective hydrocarbon systems comprising large, untested structures.
The partners have a long-term commitment with the Egypt Ministry of Petroleum and South Valley Egyptian Petroleum Holding Company (GANOPE) to promote the prospectivity of the Egyptian Red Sea.
GANOPE is responsible for managing Egypt's hydrocarbon resource potential under latitude line 28°.