The TGS-Petrodata joint venture has received the approval of the Nigerian authorities to commence a $55Million three-dimensional (3D) ‘carpet’, multi-client seismic survey in the deepwater Niger Delta.
It’s an ambitious project which has benefitted from industry prefunding.
Chevron’s pre-funding of the project with $28Million is a bet on Nigeria’s deepwater future, say spokesmen for TGS and Petrodata.
Some other international operators have indicated interest in acquiring the data after production, but they will not get the benefit of the discount that Chevron is getting for pre-funding.
The first and second phases of the data acquisition are 5,500 square kilometres, each in areal size. China Oilfield Services Limited (COSL), a majority owned subsidiary of Chinese state-owned company China National Offshore Oil Corporation (CNOOC) Group, will provide a Chinese made acquisition vessel. “The proposed acquisition will have significant offset, with 10kilometre long streamers”., the operators’ spokespersons say.