Energy data provider TGS, in a joint venture with oilfield services company SLB, announced Feb. 5 the Engagement 5 ocean- bottom node (OBN) multiclient acquisition in the U.S. Gulf of Mexico.
Starting in the first quarter 2024, Engagement 5, the seventh program within the seismic JV, involves the acquisition of 157 Outer Continental Shelf blocks through a long offset, sparse OBN survey. The Engagement 5 dataset will use elastic full-waveform inversion and long offset data to provide leaseholders and regional explorers with “technically advanced” subsurface imaging, the companies stated.
The expansion of data coverage in the eastern region of Green Canyon will adjoin with prior phases, establishing a continuous coverage area of over 23,000 sq km, from the Mississippi Canyon to the Garden Banks licenses.
Initial data results will be available in the second half of 2024.
Recommended Reading
Seadrill Sells Three Jackups for $338MM to Gulf Drilling International
2024-05-17 - Seadrill Ltd. is also selling its 50% equity interest in the joint venture that operates the rigs offshore Qatar.
Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?
2024-05-17 - The combination of Crescent Energy and SilverBow Resources will yield one of the Eagle Ford’s top producers—and the pro forma E&P could look to gobble up more acreage in South Texas after closing.
Permian Powerhouse: Apache Doubles Down on Core Assets After Callon Acquisition
2024-05-16 - Apache CEO John Christmann detailed plans for the Permian Basin and Suriname during the SUPER DUG Conference & Expo.
Diamondback’s Van’t Hof Plays Coy on Potential Delaware Divestiture
2024-05-16 - Diamondback Energy’s President and CFO Kaes Van't Hof also addressed new Permian exploration and the lack of “fun” dealing with the FTC on its deal to buy Endeavor Energy Resources.
Exclusive: Is TG Natural Resources Looking to Snap Up More?
2024-03-27 - At Hart Energy's DUG Gas+ Conference and Expo in Shreveport, Louisiana, TG Natural Resources' President and CEO Craig Jarchow said the integration of the Rockcliff Energy acquisition is well underway and that "being acquisitive is certainly" in the company's future.