ASKER, Norway and HOUSTON– TGS and Schlumberger have announced a new 2D multi-client seismic project offshore Egypt.
The project will comprise acquisition of a 10,000 km (6,214 mi) 2D long-offset broadband multi-client seismic survey. It will integrate all legacy seismic and non-seismic data. Acquisition will begin in mid-December and is expected to be completed in late 1Q 2018.
This project is part of an agreement with South Valley Egyptian Petroleum Holding Co. (GANOPE) in which Schlumberger and TGS have a minimum 15-year period of exclusive multi-client rights in a ~70,000 sq km (27,027 sq mi) open area in the Egyptian Red Sea. GANOPE is responsible for managing the hydrocarbon resource potential at South Valley.
TGS CEO Kristian Johansen said: “The unexplored offshore Egyptian Red Sea area is made up of large, untested structures and well-established hydrocarbon systems, which offer exceptional growth opportunities for oil companies. New imaging technologies are required to improve subsurface understanding and increase exploration success rates.
“The upcoming new multi-client 2D seismic acquisition program is the initial step in mitigating the complex salt imaging challenges of this unique opportunity.”
Maurice Nessim, president, WesternGeco, Schlumberger, added: “Our comprehensive geological understanding, innovative seismic imaging techniques and full integration of non-seismic methods will define new exploration trends in these prospective basins. The Schlumberger unique play-to-prospect integrated subsurface evaluation capabilities will enable customers to develop new prospectivity insight and accelerate their exploration decisions in this structurally complex area…”
This project is supported by industry funding.