TGS has signed a Letter of Award (LOA) with Seabird Exploration to acquire up to 300,000 km of 2D seismic data over Mexico and US Atlantic waters.
The LOA provides TGS access to charter up to six seismic vessels over a period of approximately 36 months. TGS says that this activity is expected to start in 2015 subject to the issuance of seismic acquisition permits from the relevant authorities.
“TGS is pleased to have secured customer funding and access to seismic vessels for the regional 2D activity that is targeted for 2015,” stated Rod Starr, Senior VP Western Hemisphere for TGS.
“There is a high level of oil company interest in Mexico and US Atlantic and we believe that these will be important regions for future exploration.”
This announcement is further to a Letter of Intent issued April 1, 2014 for Mexico which was announced April 2 2014.
The survey will cover a minimum of 150,000 km and up to 300,000 km in one or more of the areas, Mexico and US Atlantic waters, and will have an estimated value between $88 million (minimum program) and $176 million (full 300,000 km).