TGS, in partnership with Schlumberger, revealed news about its new 3D seismic survey in the Red Sea, Egypt, according to a press release.
The project will involve approximately 6,800 square kilometers. It will be acquired with long offsets and processed using a Pre-Stack Depth Migration (PSDM) workflow to enable sub salt imaging. The final products will be expected by Q4 2022.
“The Egyptian Red Sea area comprises a range of prospective hydrocarbon systems with large, untested structures offering excellent growth opportunities for oil companies,” TGS CEO Kristian Johansen said. “Using modern acquisition and imaging technologies, we continue to improve subsurface understanding and increase exploration potential in a country that continues to attract investment from E&P companies.”
It is worth noting that both companies have a prolonged commitment with the Egypt Ministry of Petroleum and South Valley Egyptian Petroleum Holding Company (GANOPE) to focus on the potential of Egypt’s Red Sea. GANOPE plays a crucial role in managing Egypt’s hydrocarbon resource potential under latitude line 28° by acquiring and processing seismic data.