Core Insights - TGS has launched a new multi-client 2D-cubed seismic project in the offshore Andaman region of India, utilizing 2D-cubed technology to convert 2D seismic data into a 3D volume for enhanced geological analysis [1][3] Project Overview - The project spans 640,000 km² and targets both shallow and deep-water siliciclastic sediment basins in the Andaman-Nicobar area, covering four blocks from the OALP-X bid round [2] - Recent gas discoveries offshore Andaman Island and ongoing deep-water drilling have heightened interest in the region, prompting this initiative [2] Strategic Importance - The India Andaman 2D-cubed project enhances TGS's regional multi-client coverage and enriches its existing data library for India, providing operators with improved subsurface information for exploration assessments [3] - TGS aims to support operators in accelerating decision-making in a promising frontier basin, as stated by the company's multi-client executive vice-president [4] Market Context - With hydrocarbon demand growing at approximately 3% annually, India's economic growth necessitates continued investment in exploration, making this dataset crucial for companies assessing new opportunities [5] - TGS combines extensive subsurface knowledge and imaging tools to offer operators new opportunities for improved drilling outcomes [5]
TGS unveils new 2D-cubed seismic project in India’s Andaman region
Yahoo Finance·2025-11-21 11:24