As one of the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, Schlumberger has partnered with TGS-NOPEC Geophysical Company (TGS), a paramount provider of multi-client geoscience data to oil and gas Exploration and Production companies worldwide to implement a new 3D seismic reimaging project in the Egyptian Red Sea, said a statement by Schlumberger on Sept 8
The project will include reimaging data from three overlapping seismic surveys totaling 3,600 km2 that were acquired between 1999 and 2008. It includes the integration of all legacy seismic and nonseismic data and will apply advanced imaging technologies to better define complex subsalt structures.
“Our comprehensive geological understanding, innovative seismic imaging techniques and full integration of nonseismic methods will define new exploration trends in this frontier basin,” said President of WesternGeco., Maurice Nessim.
Schlumberger and TGS have a long-term contract with the Egypt Ministry of Petroleum and South Valley Egyptian Petroleum Holding Company (GANOPE) to acquire and process seismic data and promote the prospectivity of the Egyptian Red Sea. GANOPE is responsible for managing Egypt’s hydrocarbon resource potential under latitude line 28°.
Schlumberger and TGS’s acquisition came after 37 days of the deadline for the submission of bids in which the Egyptian government had invited international companies having the technical and financial capabilities for an International Bid Round to explore and exploit oil and gas in offshore Egyptian Red Sea.