
(Source: Shutterstock.com)
Seismic and geophysical data company TGS has been awarded a 2D seismic survey in Indonesia’s Sumatra Basin, the company said on Sep. 6.
The survey, conducted using China Oilfield Services’ HYSY 718 vessel, will cover two regions, comprised of between 5,500 km and 6,500 km. The seismic acquisition is expected to be completed by the end of the fourth quarter.
Earlier this year, TGS completed a multi-client 2D reprocessing project in the Sumatra Basin that integrated key discoveries with available open acreage. The new survey aims to complement TGS’s existing 2D and 3D seismic datasets in the region.
TGS CEO Kristian Johansen said North Sumatra has been the site of major discoveries in the past few years.
“With this being our sixth consecutive acquisition project offshore Indonesia, TGS remains dedicated to advancing exploration in the region. Our high-quality seismic data continues to shed light on crucial play concepts, extending exploration potential into open acreage and unlocking exciting opportunities within the Sumatra basin,” he said.
Recommended Reading
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
RWE Slashes Investment Upon Uncertainties in US Market
2025-03-20 - RWE introduced stricter investment criteria in the U.S. and cut planned investments by about 25% through 2030, citing regulatory uncertainties and supply chain constraints as some of the reason for the pullback.
Stonepeak Backs Longview for Electric Transmission Projects
2025-03-24 - Newly formed Longview Infrastructure will partner with Stonepeak as electric demand increases from data centers and U.S. electrification efforts.
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Pearl Energy Investments Closes Fund IV with $999.9MM
2025-02-04 - Pearl Energy Investments’ Fund IV met its hard cap within four months of launching and closed on Jan. 31.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.