TGS has finished collecting data from a 10,000-km 2D seismic survey in Egypt’s Red Sea, Offshore Magazine reported.
The company is expected to present the final data in December 2018.
The survey was conducted in line with an agreement with Ganoub El Wadi Petroleum Company (Ganope), which gives TGS and Schlumberger a minimum 15-year exclusive period of multi-client rights in a 70,000 km2 area of Egypt’s Red Sea territory.
Meanwhile, Red Sea Governor, Ahmed Abd Allah, said that an exploration vessel currently conducting exploration and production (E&P) activities in the Red Sea will return in September 2018 to determine suitable locations and brief international E&P companies, according to Al Masry Al Youm.
The vessel has covered around 8000 km of the Red Sea, stated Abd Allah, adding that the results, which were transferred into 3D pictures, showed huge amounts of oil in the Red Sea.
Abd Allah pointed out that according to the results the country will announce E&P areas with gas exceeding Zohr field’s natural gas.