TGS will give access to seismic data ahead of potential future licensing activities for E&Ps looking to drill offshore Tanzania. (Source: Shutterstock)
Oslo, Norway-based TGS signed an agreement with Tanzania’s Petroleum Upstream Regulatory Authority to manage and license the country’s offshore subsurface data, according to a June 20 press release.
Under the agreement, TGS reserves the right to license all of Tanzania’s offshore data, acquire future seismic data and reprocess existing data. The collection includes 2D and 3D seismic data spanning over 132,000 sq km in the Early Cretaceous and Miocene reservoirs.
TGS said the dataset includes regional seismic and well data for interpretations of the basin's evolution and structural history.
The data can also identify hydrocarbon plays and provide analysis and maps of trapping configurations, TGS said.
“Tanzania remains an attractive exploration target with its world-class gas fields and excellent sands proven across multiple source intervals,” said David Hajovsky, executive vice president of multiclient at TGS.
“By providing access to high-quality seismic data ahead of potential future licensing activities, TGS will empower exploration and production companies to evaluate opportunities in this under-explored but highly promising region of East Africa,” Hajovsky said.
The agreement also supports licensing rounds, which are anticipated for 2025.
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