TGS, with consortium partners PGS and SLB, commenced a multiclient 3D seismic project offshore Peninsular Malaysia, according to an April 3 press release.
Petronas in partnership with Malaysia Petroleum Management, aims to use the project, located in the Penyu Basin, to provide insight, from the acquired seismic data, on the exploration opportunities and assess carbon storage potential across the area for the upcoming Malaysia Bid Round.
The Ramform Sovereign survey vessel was mobilized to the 3,000 sq mile data acquisition area in March 2024. The data acquisition is expected to be completed in July 2024, with processing completion projected for June 2025.
TGS CEO Kristian Johansen said the Penyu Basin is one of Southeast Asia’s “most exciting” yet underexplored hotspots, with a potential of uncovering new exploration plays and carbon capture and storage opportunities.
Recommended Reading
Qnergy Tackles Methane Venting Emissions
2024-03-13 - Pneumatic controllers, powered by natural gas, account for a large part of the oil and gas industry’s methane emissions. Compressed air can change that, experts say.
Exclusive: Scepter CEO: Methane Emissions Detection Saves on Cost
2024-04-08 - Methane emissions detection saves on cost and "can pay for itself," Scepter CEO Phillip Father says in this Hart Energy exclusive interview.
Keeping it Tight: Diversified Energy Clamps Down on Methane Emissions
2024-04-24 - Diversified Energy wants to educate on emission reduction successes while debunking junk science.
SEC Climate Rule: The Devil's in the Lack of Details
2024-05-24 - The Securities and Exchange Commission’s climate disclosure rules requires companies to report a lot of information — from greenhouse-gas emissions to potential weather impacts that could have a material business impact. But the devil’s in the lack of details.