Chevron Teams Up With TGS on Three-Year Seismic Services Deal

Core Insights - Chevron Corporation has signed a three-year capacity agreement with TGS to enhance its seismic acquisition capabilities, focusing on marine streamer and Ocean Bottom Node (OBN) services [1][9] - The partnership aims to redefine geophysical data collection and interpretation, utilizing advanced technologies for offshore energy exploration [2][4] Strategic Partnership - The collaboration emphasizes the importance of high-resolution seismic data in the energy sector, with TGS' technologies deployed across Chevron's global operations [3][12] - A minimum commitment ensures Chevron will utilize TGS' services for at least 18 months, promoting consistent data acquisition [3] Technological Advancements - The partnership leverages OBN and marine streamer technologies, which provide unique advantages for offshore surveys, enhancing data resolution and accuracy [5][7] - OBN technology captures high-quality seismic data from the ocean floor, while marine streamer surveys map large offshore areas effectively [6][7] Project Highlights - A significant project under this agreement is the St Malo 4D OBN reservoir monitoring contract in the Gulf of Mexico, which will provide real-time data on reservoir behavior [10][11] - This real-time monitoring capability is expected to improve operational efficiency and support Chevron's sustainability efforts [11] Commitment to Innovation - The agreement reflects Chevron's commitment to innovative technologies and strategic partnerships, positioning the company at the forefront of energy exploration [12][13] - The collaboration aims to set new benchmarks in survey design, data quality, and integration, addressing modern energy exploration challenges [13][14]