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1/23/2012 - TGS TO ACQUIRE DEEPWATER 3D SEISMIC OFFSHORE ANGOLA |
| TGS reached final agreement with Sonangol E.P. to commence acquisition of a 3D multi-client survey covering nearly 12,500 sq. km offshore Angola. The survey will initially commence over blocks 36 and 37 in late January, then continue over block 35 with acquisition scheduled to complete during Q3 2012. These are highly prospective deepwater pre-salt blocks awarded by state-owned Sonangol to E&P companies in late December 2011.
The high-potential pre-salt hydrocarbon play off the coast of Angola lies between 2,000 and 5,000 meters below sea level. Angola is already Africa’s second largest oil producer and the conjugate margin pre-salt basins are believed to be similar to hydrocarbon rich basins offshore Brazil.
TGS has chartered vessel capacity for this project. TGS will process the 3D seismic data in both time and depth using its proven sub-salt capability developed in similar basins. Preliminary products will be available to participating companies in Q4 2012 with a final processed product expected by Q4 2013. |
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