OSLO, NORWAY: TGS, a leading global provider of energy data and intelligence, has announced that it has secured funding for a series of multi-client projects in Southeast Asia, which are expected to start in late Q4 2023.
The program covers six months of new 2D and 3D seismic data acquisition, over 6,600 kilometers of legacy 2D seismic data reprocessing and 300,000 square kilometers of 2D-cubed processing, tied together by a Facies Map Browser (FMB) product that enables fast-track exploration of a regional hotspot. These projects complement TGS’ existing library across India, Bangladesh, Indonesia, Malaysia, and Timor-Leste, encompassing 18,450 kilometers of 2D data, 70,237 square kilometers of 3D data, and 1,940,030 square kilometers of 2D-cubed data.
The program aims to provide high-quality seismic data and insights to support the exploration, production and carbon capture and storage (CCS) activities of the energy industry in Southeast Asia. The region is a key market for TGS, as it has significant hydrocarbon potential and growing energy demand. The program will also enhance TGS’ position as a leading provider of energy data and intelligence in the region.
Kristian Johansen, CEO at TGS, commented: “This program demonstrates our commitment to investing in energy data in Southeast Asia. The energy demand is increasing in line with the region’s rapid economic growth, driven by growing populations and rising incomes. This growth brings with it a number of challenges as governments and E&P companies strive to supply this energy affordably and sustainably. Clients can remain confident that TGS is dedicated to supporting them through these challenges with all their exploration, production and CCS activities.”
TGS is a global company that provides energy data and intelligence to the energy industry. The company offers a range of products and services, such as seismic data acquisition and processing, interpretation and imaging, well data and analytics, multi-client studies and databases. The company has a presence in over 20 countries and serves clients across the world.
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