Friday, May 13, 2016

TGS reaches 75% acquisition progress mark on Gigante seismic program

HOUSTON -- TGS has now acquired approximately 141,000 km (75%) of the planned 186,000 km 2D seismic project Gigante, the company said in a statement.

Gigante covers the entire offshore sector of Mexico and ties into TGS' regional 2D seismic grid covering the entire U.S. Gulf of Mexico. Preliminary data results have identified a number of prospective play fairways within a variety of structural provinces.

Delivery of fast track Pre-stack Time data is ongoing with 103,380 km available and approximately 64,000 km of preliminary pre-stack depth available for the Deep Water Bid Round scheduled for Dec. 5, 2016.

In addition, acquisition of multibeam data is 30% complete with preliminary results available. This data is used to identify hydrocarbon seeps on the seafloor and will direct TGS' seafloor coring operations which began on Jan. 22. Coring in the Perdido area is now 100% complete. Seafloor core samples will be analyzed to determine hydrocarbon grade and will be combined with TGS' other geoscience data as part of a comprehensive interpretative study of the region.

These surveys are supported by industry funding.


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