TGS is partnering with Oseberg to bring its lease data attributes into TGS’ Well Data Analytics (WDA) platform for enhanced analysis .
TGS is partnering with Oseberg to bring its lease data attributes into TGS’ Well Data Analytics (WDA) platform for enhanced analysis. WDA users can seamlessly access lease ownership data for Texas, New Mexico, and Oklahoma, as well as other subsurface well data. This combined offering enables E&P companies to plan wells more efficiently, reduce legal and operational risks, and optimise development strategies by aligning drilling programs with land ownership and leasehold constraints, said TGS. Key use cases include merger and acquisition analysis, project site planning, investment evaluation, and resource inventory management.
Carl Neuhaus, vice-president of Well Data Products at TGS, said: ‘Our partnership with Oseberg creates a full-service subsurface data offering combining the highest quality lease data with the most comprehensive geological and well database. Integrating Oseberg lease ownership data empowers our users to verify land ownership in minutes and use TGS data to quantify resource deliverability, improve development planning accuracy, and quickly identify the most valuable opportunities. As always, these workflows are developed with customers to ensure seamless integration and hassle-free displacement of existing solutions.’
Evan Anderson, CEO/CO-Founder of Oseberg, added: ‘For our lease ownership data, we’ve chosen to focus on structuring the unstructured filings that underpin everything from the right to drill to the creation of proration units at the tract and formation level.
‘In a world where public data can obscure critical details like elevations, depths, perforations, producing formations, and drill stem tests, TGS’ unparalleled subsurface and well log library unlocks a level of understanding that few others can match. Together, we’re harmonising two bedrock layers of the upstream story, and we’re excited about what that enables for the market.’
