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
Utica’s Encino Boasts Four Pillars to Claim Top Appalachian Oil Producer
2024-11-08 - Encino’s aggressive expansion in the Utica shale has not only reshaped its business, but also set new benchmarks for operational excellence in the sector.
Nabors, ProPetro Plan to Deliver High Voltage to Drillers
2024-12-10 - Nabors Industries, in partnership with e2Companies, and, separately, ProPetro Holding Corp., both launched oilfield electrification solutions on Dec. 10.
EY: Three Themes That Will Drive Transformational M&A in 2025
2024-12-19 - Prices, consolidation and financial firepower will push deals forward, says EY.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
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.