A consortium of PGS, TGS and WesternGeco have secured funding for a 6,400 sq km multi-client 3D seismic survey starting in October in the Sarawak basin offshore Malaysia.
The survey is the first phase of a multi-year contract awarded by Petronas in 2020 through competitive bidding to acquire and process up to 105,000 sq kms of multi-client 3D data over a five-year term off Sarawak, the companies said in a joint statement.
The first phase of the survey will be acquired by PGS’s Ramform Sovereign using multi-sensor GeoStreamer technology and is expected to take about four months.
The survey area covers acreage included in the Malaysia Bid Round 2021 and fast-track results will be delivered in time for block evaluation. Future acquisition phases are subject to securing sufficient pre-funding.
“Through working closely with our clients and consortium partners, we were able to develop this important project which builds upon recent exploration success in the area. This project will support the upcoming bid round offshore Sarawak and will spearhead the next wave of exploration in this region,” said Will Ashby, vice president, Eastern Hemisphere at TGS.