TGS has announced an OBC and NAZ imaging programme in the US Gulf of Mexico.
TGS has announced an OBC and NAZ imaging programme in the US Gulf of Mexico.
The Sophie Resolve 3D programme includes approx. 6175 km2 of reprocessed 3D seismic data to provide a regional product, helping E&Ps further explore new and existing plays over the mature, hydrocarbon-producing areas of South Timbalier, Grand Isle and Ewing Bank.
By utilizing its proprietary dynamic matching FWI imaging technology, TGS will further illuminate the key subsurface structures and provide insight into the prospectivity within the deeper sub-salt section. Additionally, reprocessing the dataset provides a sustainable improvement to subsurface knowledge in the region.
The project started in Q2 of 2021 and final data will be available in Q3 2022.
Meanwhile, TGS expects net IFRS revenues for the second quarter of 2021 to be approx. $65 million, compared to $66 million in Q2 2020. Net segment revenues are expected to be approx. $54 million, compared to $96 million in Q2 2020.
Kristian Johansen, CEO at TGS, said: ‘Market conditions for multi-client seismic data continue to be very challenging, and there are no signs of substantial improvements in the near-term. However, based on dialogue with our largest customers we remain confident that we will ultimately see a recovery of the market.’
