TGS, DUG Geo and Polarcus in Malay Basin Survey

TGS has signed a contract with PETRONAS awarding TGS and partners the exclusive rights to seek pre-funding for a broadband 3D project covering over 40,000 sq km in the Malay Basin. 

The resulting Peninsular Malaysia Mega-Merge seismic dataset will comprise both broadband reprocessing of existing legacy 3D data from field tapes, as well as new broadband 3D acquisition.

TGS is seeking pre-funding from all existing acreage holders in the Malay Basin, as well as any other oil and gas companies that are interested in tapping into the Peninsular Malaysia region.

DownUnder GeoSolutions (DUG) will be responsible for all processing work for the project which will be undertaken in Kuala Lumpur, and Polarcus will be responsible for all acquisition activity.

The project is expected to begin in Q2 2020. Prior to the project’s completion, TGS plans to make interim products available and pre-funding companies will be able to prioritize their areas of interest.

Rune Eng, executive vice president, Southern Hemisphere at TGS, said, “We are delighted to have received agreement from PETRONAS to deliver an extensive new survey in the Malay Basin. This is a mature and proven hydrocarbon province and together, TGS, DUG Geo and Polarcus form a strong consortium that will deliver state-of-the-art products to industry to facilitate exploration & production (E&P) work in all all relevant Peninsular Malaysia areas for years to come.”

For the very first time, this project will provide industry access to coherent regional broadband 3D seismic imaging over the prolific Malay Basin. This project itself plans to serve not only as an exploration framework for extending viable play fairways to surrounding areas, but also for drilling and developing opportunities – from subtle accumulations that have been overlooked, to deeper targets which remain untested.

In addition, the project will utilize a single high-end broadband acquisition technology for data consistency, ensuring that customers can make use of a high quality, seamless survey merge.

Source link