The seismic consortium comprising PGS, TGS and WesternGeco has gained a multi-year contract from Petronas to amass and course of as much as 105,000 sq. kilometres of multi-sensor multi-client 3D knowledge within the Sarawak Basin, offshore Malaysia.
This contract award follows an ongoing marketing campaign by the consortium within the Sabah offshore area of Malaysia, awarded in 2016.
The mission noticed over 50,000 sq. kilometers of 3D seismic knowledge acquired and licensed to the oil and fuel trade.
The Sarawak award ought to enable for a multi-phase program to advertise exploration efforts within the Sarawak East Natuna Basin.
Nathan Oliver, PGS government vp Sales & Services, stated: “Since this identical consortium additionally buying multi-client knowledge offshore Sabah, we’ve demonstrated the good thing about the multi-client enterprise mannequin to the Malaysian authorities and offered the oil and fuel trade with high-quality seismic knowledge on this prolific hydrocarbon basin. With this new award, we’re capable of broaden the multi-client protection into the Sarawak area to extend exploration and improve manufacturing actions.”
Rune Eng, TGS government VP, International, stated:
“With this thrilling mission award, the consortium will play its half in encouraging and enhancing future exploration in Malaysia, enabling E&P firms to take part within the acquisition of high-quality trendy 3D seismic knowledge on an economical regional foundation.”
Rajeev Sonthalia, president, Digital & Integration, Schlumberger, additionally said: “The consortium will proceed to make use of the most recent applied sciences to speed up discoveries within the Sarawak offshore basins. Modern knowledge can be used each to reinforce present manufacturing property and develop new play ideas in areas the place legacy knowledge has failed to offer the perception wanted to search out new alternatives with a excessive diploma of confidence.”
The consortium is planning the preliminary phases and is partaking with the oil and fuel trade to safe prefunding forward of deliberate acquisition, protecting each open blocks and areas of present farm-in alternatives.
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