TGS-NOPEC Geophysical Company ASA

05/10/2021 | Press release | Distributed by Public on 05/10/2021 06:54

TGS Commences Acquisition on Santos 3D Multi-Client Phase 4 Offshore Brazil

Houston, Texas(10 May 2021) - TGS, a global provider of energy data and intelligence, today announced that it has commenced acquisition on Santos multi-client 3D Phase 4 survey offshore Brazil.

The survey is located in the western portion of the Santos Basin and works as a northwest extension of the existing TGS Santos 3D, covering approximately 5,000 square kilometers. This modern, high-quality data coverage will further enhance geological understanding of the area and enable E&P companies to maximize the potential for deepwater discoveries in one of the world's most prolific exploration basins.

This multi-client 3D survey is one of the latest of several 3D and 2D surveys completed in Brazil. TGS currently holds over 447,500 kilometers in 2D multi-client data and 69,500 square kilometers in 3D multi-client data in Brazil.

David Hajovsky, Executive Vice President of Western Hemisphere at TGS, commented, 'We're pleased to commence Phase 4 of this survey - further strengthening our data library and position in the Brazil Salt Basins. This data will contribute to our client's efforts to further de-risk their investments in future bid rounds and partnership opportunities.'

Full volume fast track data will be available in March 2022 with final data expected in October 2022.

About TGS
TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.

For more information, contact:

Jaclyn Townsend
Director, Corporate Marketing
[email protected]