TGS announces new project in U.S Onshore - South Hackberry 3D

TGS announces a new multi-client onshore 3D seismic project, South Hackberry 3D, located on the east flank of the Anadarko Basin in Garfield, Kingfisher and Logan Counties, Oklahoma.

The South Hackberry 3D seismic survey extends TGS’ seismic data coverage in the core of the STACK trend.   This new project will encompass 353 square kilometers and when merged with Hackberry Complex 3D, the combined surveys will encompass approximately 1062 square kilometers.  The survey extends TGS’ contiguous 3D data coverage in the STACK where the subsurface is characterized by a strong structural overprint with faulting at the Mississippian and deeper levels.

Recording will commence in Q3 2019 and will be completed before the end of the same quarter.  The data will be processed by TGS utilizing its modern land imaging technology.  TGS will offer a full suite of reservoir characterization products enhancing subsurface understanding and illuminating its complexity.  The South Hackberry 3D is complemented by TGS’ geologic products which includes a basin stratigraphic model that is derived from an extensive library of TGS owned high-quality well data in the Anadarko basin.

[i"This new project enhances TGS’ dominant position in the SCOOP and STACK within the Anadarko Basin. With the addition of the South Hackberry 3D we continue our focus on building contiguous modern seismic coverage in high potential onshore plays that benefit our customers exploration and development efforts” [/i]stated Kristian Johansen, CEO for TGS. 

This project is supported by industry funding.

TGS provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS’ reliance on a cyclical industry and principal customers, TGS’ ability to continue to expand markets for licensing of data, and TGS’ ability to acquire and process data product at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.