TGS Expands Multi-client Coverage in the Sarawak North Luconia Province

Source Company Press Release
Company TGS ASA, Petronas, PGS Overseas AS, SLB
Tags Country: Malaysia, Upstream: Drilling Activity, Upstream News
Date May 30, 2023

TGS, a global provider of energy data and intelligence, in partnership with PGS and Schlumberger, has secured pre-funding for a 6,885 sq km multi-client 3D seismic survey offshore Malaysia in North Luconia Province of the Sarawak Basin. This new acquisition is due to commence in June 2023.

This survey is the second phase of a multi-year contract awarded initially by Petronas in August 2020 to acquire and process up to 105,000 sq kms of multi-client 3D data over a 5-year period in the Basin. This survey builds on the initial phase of this project in the Sarawak North Luconia Province, which commenced in 2021 and covered 8,400 sq kms.

Kristian Johansen, TGS CEO, commented, 'TGS has built an expansive multi-client data library across the Asia-Pacific region, and we are pleased to return to the Sarawak Basin with our partners.  Sarawak is an area that has recently experienced multiple oil and gas discoveries, and we expect this to be a very important basin for future exploration. We continue to work closely and collaboratively with our customers, partners and other stakeholders in Malaysia to drive exploration success.'

'As the custodian of Malaysia's petroleum resources, Malaysia Petroleum Management (MPM), PETRONAS is actively enhancing seismic data sets in the country that will introduce new plays to be explored to our clients, especially in imaging the pre-MMU play in the deep-water area of Sarawak Basin,' he added.

Survey acquisition is expected to conclude in August 2023, with final deliverables available in Q2 2024. Interim results will be available to assist with early acreage evaluation.

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