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TGS Announces PAMA Phase II Multi-client Survey Offshore Brazil
Globenewswire· 2025-09-18 05:00
Core Insights - TGS has announced the PAMA Phase II 3D multi-client survey in the Equatorial Margin area offshore Brazil, expanding its coverage significantly in a highly prospective basin [1][2][4] - The survey will cover an additional 11,500 square kilometers, including blocks nominated for upcoming license rounds in 2026 and 2027 [2] - The project is supported by industry funding and utilizes advanced TGS GeoStreamer technology for high-quality data acquisition [2][4] Industry Context - The Pará-Maranhao Basin is recognized for its functioning deepwater petroleum system, attracting interest due to discoveries in neighboring countries like Guyana and Suriname [3] - TGS aims to leverage its advanced acquisition capabilities to provide substantial value for clients' exploration activities in the basin [4] - The ongoing Megabar extension multi-client project in the Barreirinhas Basin will see two Ramform Titan-class vessels active in the Equatorial Margin through the remainder of 2025 [4]
Viridien and TGS Announce Megabar Extension Phase I Multi-client Project Offshore Brazil
Globenewswire· 2025-09-04 05:30
Core Insights - Viridien and TGS have launched the Megabar Extension Phase I survey in the Barreirinhas Basin, covering 5,300 sq km, aimed at enhancing geological understanding and exploration potential in the region [1][4] - The Barreirinhas Basin is noted for its proven petroleum systems and recent licensing activities by international oil companies (IOCs), indicating a growing interest in the area [2][5] - The survey will utilize TGS's advanced GeoStreamer technology aboard the Ramform Tethys vessel, with data acquisition set to begin in early September and conclude by late November [3] Company Insights - Viridien is a technology and Earth data company focused on providing innovative solutions for natural resource challenges, employing around 3,200 people globally and listed on Euronext Paris [6] - TGS is committed to delivering high-quality data for exploration in Brazil's equatorial margin basins, leveraging its expertise to support the energy industry [5] Industry Insights - The Megabar Extension Phase I survey is positioned in a promising area with no existing 3D data, which could lead to new exploration opportunities and improved prospect evaluation [3][4] - The project is expected to generate significant interest and value for clients, providing them with an early-mover advantage in the underexplored Barreirinhas Basin [5]
TGS and Viridien Announce Megabar Extension Phase I Multi-client Project Offshore Brazil
Globenewswire· 2025-09-04 05:30
Core Insights - TGS, in collaboration with Viridien, has launched the Megabar Extension Phase I survey in the Barreirinhas Basin offshore Northern Brazil, covering an area of 5,300 sq km [1][2] - The survey aims to enhance geological understanding and support exploration activities in a region with proven petroleum systems and significant discoveries in nearby basins [2][4] Company Overview - TGS is a global leader in energy data and intelligence, providing advanced data and insights to support exploration and production in the energy sector [6] - The company utilizes cutting-edge technology, including proprietary GeoStreamer technology, to acquire high-quality 3D seismic data [3][5] Industry Context - The Barreirinhas Basin is gaining momentum due to recent licensing activities by international oil companies (IOCs) and the success of Brazil's 5 Cycle Permanent Concession Offer [2] - The Megabar Extension survey is positioned to provide early-mover advantages for explorers in this underexplored area, potentially leading to new exploration opportunities [5]
TGS Awarded Large Streamer Contract Offshore Indonesia
Globenewswire· 2025-08-25 05:00
Core Insights - TGS has been awarded a significant streamer contract offshore Indonesia, covering approximately 10,000 square kilometers [1] - The project will primarily focus on acquiring 3D seismic data, with a final phase dedicated to 4D seismic data acquisition for production monitoring [2] - The survey is set to commence in Q4 2025 and will last for an estimated total duration of eight months [2] Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced technology and solutions across the entire energy value chain [4] - The company utilizes proprietary GeoStreamer technology and purpose-built vessels to ensure high-quality data delivery and efficient acquisition [3] - TGS supports exploration and production of energy resources globally, backed by a comprehensive range of products and an extensive energy data library [4]
TGS Awarded Streamer Acquisition Contract
Globenewswire· 2025-08-08 05:00
Core Points - TGS has secured a streamer acquisition contract in the East Mediterranean, with operations set to begin in Q3 2025 and lasting approximately 30 days [1][2] Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced data and insights to companies in the energy sector [2] - The company utilizes the Ramform acquisition platform and proprietary GeoStreamer technology to ensure high data quality for clients [2] - TGS provides a comprehensive range of products and advanced data technologies, supported by a global and diverse energy data library, making it a trusted partner in energy resource exploration and production [2]