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    TGS, Partners Win Malaysia Seismic Contract


The multi-year contract has been awarded by state-run Petronas.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Exploration & Production, News By Country, Malaysia

TGS, Partners Win Malaysia Seismic Contract

A consortium comprising PGS, TGS and WesternGeco has been awarded a multi-year contract by Malaysia's state-owned Petronas to acquire and process up to 105,000 km2 of multi-sensor multi-client 3D data in the Sarawak basin, offshore Malaysia, TGS said on October 26.

This contract award follows an ongoing campaign by the consortium in the Sabah offshore region of Malaysia, awarded in 2016, during which over 50,000 km2 of 3D seismic data have been acquired and licensed to the oil and gas industry to support Malaysia's licensing rounds and exploration activity.

“The Sarawak award will enable the consortium to position itself in Malaysian seismic exploration and allow for a multi-phase programme to promote exploration efforts in the prolific Sarawak East Natuna basin (Deepwater North Luconia and West Luconia province),” TGS said.

The consortium is planning the initial phases and is engaging with the oil and gas industry to secure prefunding ahead of the campaign, which will cover both open blocks and areas of existing farm-in opportunities, the company added.