TGS Enhances Exploration with Pelotas Norte Phase I Survey
TGS, a prominent name in energy data intelligence, is excited to announce the Pelotas Norte Phase I multi-client 3D survey, taking place in the Pelotas Basin, offshore southern Brazil. This strategic initiative involves approximately 14,800 square kilometers spanning 21 exploration blocks, largely situated in unutilized areas anticipated to be included in forthcoming bidding rounds.
Survey Details and Timeline
A Ramform Titan-class vessel is scheduled to begin operations for this significant survey later in the year, with expectations that the project will continue into the third quarter of next year. Utilizing TGS's cutting-edge GeoStreamer technology, the survey aims to provide superior high-resolution 3D seismic data, essential for advancing our understanding of the region. The endeavor is bolstered by substantial industry funding.
Geological Significance of the Pelotas Basin
The Pelotas Basin is known for its early basin carbonates and passive margin clastic sequences. Notably, it contains three organic-rich intervals from the Albian, Turonian, and Paleocene epochs. These geological attributes have attracted significant interest from energy companies, largely due to the basin's geological parallels with the conjugate margin and proven hydrocarbon systems predominant in West Africa.
Industry Response and Leadership Insight
Kristian Johansen, the CEO of TGS, remarked on the increasing exploration activities in the Pelotas Norte Basin: “With several major oil companies amplifying their involvement and commitment to this area, the Pelotas Norte Phase I multi-client survey greatly augments our seismic coverage. By harnessing our sophisticated acquisition methods and imaging proficiency, this survey will empower our clients to gain deeper insights into the basin's geological features and reduce risks associated with future exploration efforts.”
Johansen further noted that following the announcement of two substantial multi-client surveys in the Equatorial Margin, the latest survey expands the initiative's reach, bringing the total number of Ramform Titan-class vessels operating offshore Brazil to three for the rest of the year and beyond.
About TGS
TGS stands at the forefront of delivering advanced data and intelligence solutions to the energy sector. With state-of-the-art technology and an extensive energy data library, TGS provides valuable insights that enable clients to make informed decisions throughout the energy value chain. Our innovative products and services facilitate the exploration and production of essential energy resources on a global scale.
Frequently Asked Questions
What is the Pelotas Norte Phase I survey?
The Pelotas Norte Phase I survey is a multi-client 3D seismic survey conducted by TGS in the Pelotas Basin off the coast of Brazil, covering approximately 14,800 square kilometers.
What technology is used in this survey?
TGS employs its advanced GeoStreamer technology, which is designed to deliver high-resolution 3D seismic data for better geological understanding.
Why is the Pelotas Basin important for exploration?
The Pelotas Basin features geological formations similar to those in successful hydrocarbon systems of West Africa, making it a key area for energy exploration.
How long will the survey project last?
The survey is set to begin later in the year and is expected to continue until the third quarter of the following year.
Who can I contact for more information?
For inquiries, reach out to Bård Stenberg, VP IR & Business Intelligence at TGS, via mobile at +47 992 45 235 or email at investor@tgs.com.
