France-based CGG and Malaysia’s Petronas announced the start of the Selat Melaka 2D multi- client seismic data program over the Langkasuka Basin offshore Malaysia, CGG said Nov. 15.
The project, located in the Malacca Strait, received industry funding and will deliver early products in December 2023 and final results in August 2024, according to the company.
CGG said experts at its Kuala Lumpur subsurface imaging center will apply its latest full-waveform inversion and Q- tomography imaging technologies—an extension of 3D migration-based tomography—to provide better regional understanding of the petroleum systems in the “underexplored” Langkasuka Basin, focusing on the prospective pre-tertiary target.
“Petronas continues to invest in data enrichment for Malaysian basins, like the emerging Langkasuka Basin,” said Mohamed Firouz Asnan, senior vice president of Malaysia petroleum management at Petronas. “Initiatives such as this multi-client seismic survey is expected to attract exploration interests to support the country’s production growth strategy.”
Recommended Reading
Hess Midstream Subsidiary to Buy Back $100MM of Class B Units
2024-03-13 - Hess Midstream subsidiary Hess Midstream Operations will repurchase approximately 2 million Class B units equal to 1.2% of the company.
Plains All American Names Michelle Podavin Midstream Canada President
2024-03-05 - Michelle Podavin, who currently serves as senior vice president of NGL commercial assets for Plains Midstream Canada, will become president of the business unit in June.
Matador Completes NatGas Connections in Delaware Basin
2024-03-25 - Matador Resources completed natural gas pipeline connections between Pronto Midstream to San Mateo Midstream and to Matador’s acreage in the Delaware Basin.
Targa Resources Ups Quarterly Dividend by 50% YoY
2024-04-12 - Targa Resource’s board of directors increased the first-quarter 2024 dividend by 50% compared to the same quarter a year ago.
Pembina Declares Series of Quarterly Dividends
2024-04-10 - Pembina Pipeline Corp’s board of directors declared quarterly dividends for series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25.