TGS and Schlumberger have announced a strategic collaboration for multiclient ocean-bottom node projects in the deepwater U.S. Gulf of Mexico.
This collaboration includes the previously-announced 2,350 km2 Amendment Phase 1 project in the Mississippi Canyon and Atwater Valley protraction areas, Schlumberger and TGS said on Wednesday.
Supported by industry prefunding, Amendment Phase 1 started in early 2019 and data acquisition is expected to complete in 3Q 2019.
Under the collaboration agreement, TGS and WesternGeco, the geophysical services product line of Schlumberger, will work together to develop opportunities to co-invest in additional multiclient ocean-bottom node projects in the U.S. Gulf of Mexico.
According to the two companies, E&P companies are increasingly looking to ocean-bottom nodes, combined with advanced processing, as the next-generation technology to support both exploration and development activities in the Gulf of Mexico.
Ocean-bottom node technology has traditionally been focused on the development and time-lapse 4D seismic applications, but multiclient node projects will also have a significant impact on near-field and greenfield activities, TGS and Schlumberger said.
Kristian Johansen, CEO at TGS, said: “We are working closely with our clients to plan future phases and are excited by the potential growth in exploration and production activity that this could drive in the U.S Gulf of Mexico and beyond.”
Maurice Nessim, president, WesternGeco, added, “In line with our asset-light strategy and global technology leadership, we are looking at opportunities to deploy and accelerate the use of advanced technologies, including ocean-bottom node technology.”
To remind, Schlumberger in August 2018 struck a deal to sell the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger, to Shearwater.
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