KUALA LUMPUR, Malaysia -- As
a result of a new initiative by Petronas to stimulate offshore E&P
investment activity, Petronas, through Malaysia Petroleum Management (MPM), has
taken the decision to open an area of Malaysian offshore waters to the MultiClient
model for the first time.
A consortium comprising of PGS, TGS and Schlumberger WesternGeco, the industry's three largest MultiClient companies, has won the tender for the rights to undertake a MultiClient seismic program offshore Sabah.
Offshore Sabah sits in an active fold-and-thrust province that hosts a number of proven hydrocarbon accumulations. An extension of the Brunei Baram Delta play, the primary exploration target has been Miocene deltaics with some younger Pliocene. With exploration and drilling progressing into deeper frontier waters, there is potential for new plays in the carbonate and syn-rift section. This large basin will benefit from modern, high resolution broadband 3D seismic necessary to understand both the existing play concepts and new potential plays.
The consortium is planning to apply a combination of the industry's most advanced technology solutions including multi-sensor acquisition using PGS' GeoStreamer and WesternGeco IsoMetrix marine isometric seismic technology, PGS' Towed Streamer EM technology and advanced broadband 2D acquisition and processing techniques.
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ParamountEnterprises with a renowned brand .PARENTNashik is an ISO 9001:2015 certified company, listed in major leading manufacturers, suppliers & exporters of resistance spot welding consumables, spares, weldparts in Nashik – India.
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Headline crude prices for the week beginning 16 September 2019 – Brent: US$69/b; WTI: US$63/b
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