TGS has completed a new multibeam and coring programme covering more than 213,0000 km 2 in the Campos and Santos basins of offshore Brazil.
TGS has completed a new multibeam and coring programme covering more than 213,0000 km2 in the Campos and Santos basins of offshore Brazil.
This study, known as a SeepHunter campaign, includes the results of 342 conventional cores and 29 jumbo piston cores and heat probes. Additionally, advanced geochemistry has been performed on more than 60 core samples to date.
Kristian Johansen, CEO at TGS, said, ‘TGS is making significant investments in geoscience projects in the region, including 2D and 3D regional seismic acquisition. Additional SeepHunter programmes are also planned. We will continue to prioritize Brazil as it remains a world-class petroleum basin with some of the world’s most exciting oil and gas exploration opportunities.’
In 2018, TGS expanded its Santos 3D programme over the prospective southern Santos Basin offshore Brazil. Combined with long-offset 2D seismic surveys over most of the Santos and Campos Basins, the 3D surveys cover an area south of the major oil and gas discoveries in the Santos Basin and the recent highly sought-after blocks offered in Rounds 15 and 16.
Meanwhile, TGS said that it expects fourth quarter net segment revenues of $230 million. Johansen said: ‘After record high revenues in Q3, we are pleased to follow up with another solid quarter. This means that TGS’ full-year pro-forma revenues were up by 16.2% compared to 2018. Further, our sales pipeline for Q1 2020 looks promising, with high vessel activity combined with solid pre-funding.’
