TGS to conduct its 1st multi-client 3D survey in Indonesia

Global geophysical firm TGS-NOPEC Geophysical Company (TGS) announce on Wednesday that it will commence a new multi-client 3D survey in the Tarakan Basin, offshore East Kalimantan, in the Celebes Sea. The survey, TBN10, is the first ever multi-client 3D survey for TGS in Indonesian waters and will cover in excess of 1,600 km2. The data will be acquired by the M/V Seisquest and will commence before the end of this year, with acquisition expected to complete in Q1 2011.

The TBN10 survey will be conducted over the highly prospective and extensive play fairway which includes a recent gas discovery. The new 3D seismic will provide improved stratigraphic and structural resolution of the Tarakan sub-basin, leading to a better understanding of its petroleum system and a much clearer definition of the numerous leads and prospects already identified on existing 2D seismic in the area, the company said.

The TBN10 multi-client 3D survey is supported by industry funding and also supports the Indonesian government's overall objective to attract exploration and raise declining production levels.(alex)