TGS CEO Kristian Johansen said the Penyu Basin is one of Southeast Asia’s “most exciting” yet underexplored hotspots. (Source: Shutterstock)
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
E&P Highlights: Nov. 18, 2024
2024-11-18 - Here’s a roundup of the latest E&P headlines, including new discoveries in the North Sea and governmental appointments.
Norway's Massive Johan Sverdrup Oilfield Shut by Power Outage
2024-11-18 - Norway's Equinor has halted output from its Johan Sverdrup oilfield, western Europe's largest, due to an onshore power outage, the company said on Nov. 18.
ChampionX Completes Improvements to Odessa Chemical Hub
2024-11-18 - The Odessa chemical manufacturing facility in the Permian Basin will increase ChampionX’s capacity by almost 10%, or 10 million kilograms annually.
Encino’s Tim Parker: Plenty of Utica Oil—and Takeaway Too
2024-11-15 - Encino Energy's Tim Parker tells Hart Energy's Nissa Darbonne about the economics of drilling in the company's Utica oil development at the DUG Appalachia Conference and Expo.
TotalEnergies Awards SBM Offshore FPSO GranMorgu Development Contract
2024-11-15 - SBM will construct and install a floating production, storage and offloading vessel for TotalEnergies alongside its partner Technip Energies, the company said.
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.