Schlumberger, TGS Announce Survey in Red Sea

Schlumberger, TGS Announce Survey in Red Sea

Schlumberger and TGS-NOPEC Geophysical Company (TGS) announced a new project to conduct a 2D seismic survey in the Red Sea, Egypt Oil & Gas reports.

The survey is set to begin this month and be completed during the first quarter of 2018.

The companies plan to conduct a 10,000 kilometer 2D seismic survey, using new imaging and acquisition techniques to map the geological structures. The project will merge non-seismic and seismic data.

The survey is part of a larger agreement between Ganoub El Wadi Petroleum Company (Ganope), TGS, and Schlumberger. According to the agreement, TGS and Schlumberger have exclusive rights for minimum of 15 years to a 70,000 square kilometer area in the Red Sea.

“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,” The CEO of TGS, Kristian Johansen, said.

Sarah Samir 2745 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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