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
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
2024-04-26 - Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
ProPetro Adds Exxon Designee Volkov to Board
2024-05-14 - Alex Volkov is currently the transition executive tasked with planning the integration of Pioneer Natural Resources and Exxon Mobil.
Exxon Appoints Maria Jelescu Dreyfus to Board
2024-05-08 - Dreyfus is CEO and founder of Ardinall Investment Management, a sustainable investment firm, and currently serves on the board of Cadiz Inc. and Canada-based pension fund CDPQ.
California Resources Corp. Nominates Christian Kendall to Board of Directors
2024-03-21 - California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.