TGS has completed the reprocessing of a 21,631 km 2 regional 2D seismic survey offshore Sakhalin Island, in the Okhotsk Sea.
TGS has completed the reprocessing of a 21,631 km2 regional 2D seismic survey offshore Sakhalin Island, in the Okhotsk Sea. The reprocessing has been undertaken with the support of TGS’ Russian partner, DMNG.
‘The survey covers acreage that has shown excellent prospectivity, and exploration looks highly promising,’ said TGS in a statement.
This reprocessing project is the second phase of a mission to provide greater offshore coverage of the region, after TGS’ original 2D Phase 1 Clari-Fi broadband reprocessing of 18,970 km2 in 2019. ‘Together, these products will provide much-needed high-quality data for explorers and interpreters, giving greater clarity of decision-making,’ said TGS.
Kristian Johansen, CEO at TGS, said: ‘Offshore Russia has long been an important region for TGS and the completion of the second phase of processing in the Sea of Okhotsk further strengthens our library of data here. There have been a number of significant discoveries of both oil and gas in recent years and our seismic data will be a core tool for explorers as they seek to further develop offshore hydrocarbon resources in the area in the years to come.’
Meanwhile, in a unanimous decision by the Borgarting Appeal Court in Norway, TGS was acquitted of violating Norwegian tax law in connection with tax refunds received by Skeie for purchases of seismic data from TGS in 2009.
The appeal court decision follows TGS’ appeal of the Oslo City Court’s split decision of 5 October 2018, in which TGS was found guilty and fined $8.6 million.
‘TGS is satisfied with the decision, which is in line with the view the company has argued since the case materialized in 2014,’ said the company in a statement.
