TGS has completed the Jaan 3D seismic survey covering the MSGBC Basin in NW Africa and acquired in partnership with PGS and GeoPartners.
TGS has completed the Jaan 3D seismic survey covering the MSGBC Basin in NW Africa and acquired in partnership with PGS and GeoPartners.
The 28,000 km2 survey spanning offshore Senegal, The Gambia and Guinea-Bissau has been designed to map the Cretaceous Palaeo Shelf-Edge Trend (PSET) and to shed light on untapped Jurassic potential.
This has been the setting for the FAN and SNE discoveries, Africa’s most successful play of recent times.
Jaan 3D consists of both newly acquired (more than 12,000 km2) and recently reprocessed seismic surveys, processed and harmonized to create a seamless 3D PSTM and PSDM volume which allows explorers to obtain a holistic understanding of this prolific basin and its unique geological features of the shelf edge trend across borders. It is also the current setting for anticipated and continuing bid rounds, including the Senegalese 2020 Licensing Round, which offers acreage on-trend with the FAN and SNE discoveries. Meanwhile, in The Gambia, Jaan 3D covers significant prospectivity similar to the FAR/Petronas targets in adjacent blocks.
Rune Eng, executive vice president, global at TGS, said: ‘Recent and significant success in the MSGBC Basin demonstrates the importance of the province in terms of exploration not only in Africa but also worldwide. Learning from these giant discoveries and cross-border exploration success, the Jaan 3D survey has been specifically designed to highlight key play fairways and provide a vital exploration volume to enable E&P companies to unlock the next giant discovery.’
In addition to the Jaan 3D volume, the TGS subsurface data library in the MSGCB Basin includes more than 82,000 km of 2D seismic and a further 16,000 km2 of 3D seismic (including newly acquired deepwater The Gambia and Senegal 3D surveys) as well as well data products and a 114,000 km2 Multi-Beam and Seafloor Sampling (MB&SS) survey covering Senegal to Guinea-Bissau.
Meanwhile, TGS has announced that it expects to report net segment revenues for the second quarter of 2020 of $96 million. Multi-client Investments for the quarter are expected to be approx. $80 million with a prefunding rate of 48%.
