The Norwegian geophysical company TGS, has announced a new three dimensional (3D) seismic survey in the Red Sea, Egypt, in partnership with Schlumberger.
This survey represents the second phase of new acquisition for the partners in this region and will encompass a minimum of 5,000 square kilometers. Data will be acquired with long offsets and processed using a Pre-Stack Depth Migration (PSDM) workflow to enable subsalt imaging. The acquisition is expected to start in April 2022, with final products anticipated in mid-2023 to ensure availability ahead of future license rounds in the region.
Egypt’s attractive, stable investment climate, enhanced by established exploration infrastructure and complemented by regular, transparent, and well-managed licensing rounds, has helped bolster interest in the Red Sea. The region is considered to hold significant hydrocarbon potential characterized by a wide range of prospective hydrocarbon systems comprising large, untested structures.
TGS and Schlumberger have a long-term commitment with the Egypt Ministry of Petroleum and South Valley Egyptian Petroleum Holding Company (GANOPE) to promote the prospectivity of the Egyptian Red Sea. Through the acquisition and processing of seismic data. GANOPE is responsible for managing Egypt’s hydrocarbon resource potential under latitude line 28°.
The survey is supported by industry funding.