A seismic consortium comprising PGS, TGS and WesternGeco has been awarded a multi-year contract by Petronas through competitive bidding to acquire and process up to 105,000 km 2 of multi-sensor multi-client 3D data in the Sarawak Basin, offshore...
A seismic consortium comprising PGS, TGS and WesternGeco has been awarded a multi-year contract by Petronas through competitive bidding to acquire and process up to 105,000 km2 of multi-sensor multi-client 3D data in the Sarawak Basin, offshore Malaysia.
This contract award follows a campaign by the consortium in the Sabah offshore region of Malaysia, awarded in 2016, in which more than 50,000 km2 of high-quality 3D seismic data have been acquired and licensed to the oil and gas industry to support the Malaysia licensing round and exploration activity.
The Sarawak award will enable the consortium to carry out a multi-phase programme to promote exploration efforts in the prolific Sarawak East Natuna Basin (deepwater North Luconia and West Luconia Province).
Nathan Oliver, PGS executive vice-president sales and services, said: ‘Since this same consortium is also acquiring multi-client data offshore Sabah, we have demonstrated the benefit of the multi-client business model to the Malaysian authorities and provided the oil and gas industry with high-quality seismic data in this prolific hydrocarbon basin. With this new award we are able to expand the multi-client coverage into the Sarawak region to increase exploration and enhance production activities.’
Rune Eng, TGS executive vice president, international said: ‘The consortium will play its part in encouraging and enhancing future exploration in Malaysia, enabling E&P companies to participate in the acquisition of high-quality modern 3D seismic data on a cost-effective regional basis.’
Rajeev Sonthalia, president, Digital and Integration, Schlumberger, said: ‘Modern data will be used both to enhance existing production assets and develop new play concepts in areas where legacy data has failed to provide the insight needed to find new opportunities with a high degree of confidence.’
The consortium is planning the initial phases and is engaging with the oil and gas industry to secure prefunding ahead of planned acquisition, covering both open blocks and areas of existing farm-in opportunities
