TGS to Conduct Tarakan Basin 3D Survey
TGS will commence a new multi-client 3D survey in the Tarakan Basin, offshore East Kalimantan, Indonesia in the Celebes Sea. The survey, TBN10, is the first ever multi-client 3D survey for TGS in Indonesia 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.
"TGS is particularly excited to announce this new 3D program, stated CEO Robert Hobbs. The company has built significant experience in this region through our long-term investment in data that informs our customers about the potential of this frontier region. This 3D project confirms the further maturation of this important hydrocarbon province."
The TBN10 multi-client 3D survey is supported by industry funding and also supports the Indonesia government's overall objective to attract exploration and raise declining production levels.