TGS announced it will conduct three new multi-client surveys; a 3D survey offshore Australia, a 2D survey offshore New Zealand and a 3D survey in the West of Shetland region.
Nerites Season 2 is the largest 3D survey TGS has acquired to date in the Asia Pacific region and will cover 13,000sq km in the Great Australian Bight. The project represents the second season of the Nerites 3D seismic program commitment over blocks EPP44 and EPP45, which are mainly located in the Bight's deep water Ceduna Sub-basin. Upon completion of this survey, the TGS total portfolio of 3D multi-client coverage offshore Australia will exceed 43,000sq km. Data acquisition is expected to commence in 4Q 2014 or 1Q 2015 and will be acquired by Dolphin Geophysical. Data processing will be performed by TGS using its proven proprietary broadband technology, Clari-FiTM, and final data will be available to clients in 2Q 2016.
In the same Asia Pacific region, TGS has commenced the regulatory approval process to undertake a 17,000km 2D multi-client survey within the Reinga, Northland and Taranaki basins, offshore Northwest New Zealand. Subject to regulatory approvals, the survey is proposed to commence 4Q 2014 and run to 2Q 2015. Data will be acquired by the M/V Aquila Explorer and data processing will be performed by TGS.
TGS will finalize the 2014 European acquisition season with a new 3D survey West of Shetland covering 900sq km. This survey will tie into TGS' existing 3D library in the region, bringing the total volume of recent TGS 3D data in the area to more than 18,400sq km. The seismic data will be acquired by the M/V Naila towing 12 streamers at 6000m cable length. Data processing will be performed by TGS using its proven proprietary broadband technology, Clari-FiTM, and final data will be available to clients in 2Q 2015.
"Our backlog continues to be near an all-time high level and we are pleased to see customer commitments supporting our continued growth. The new surveys announced today confirm our strong position among key clients in hydrocarbon-rich regions with great future potential," TGS' CEO Robert Hobbs said.