TGS said the program will add 2,240 km of new 2D data designed to help evaluate the petroleum potential south of the Salawati Basin, considered to be one of the largest oil basins in eastern Indonesia with total cumulative oil production exceeding 300 million bbl.
TGS said data acquisition is expected to be completed by the second quarter of 2010.
TGS general manager for Asia Pacific, Rod Starr, said TGS expects the program to be the first of a series of 2D projects this year, conditional on further industry support.
Upon the completion of the program, the TGS Indonesia library will exceed 100,000 km of 2D seismic; 400,000 km of multi-beam bathymetric data and 1,200 core samples covering over 1 million sq km of Indonesia’s deep-water basins.
TGS said the program has industry pre-funding and that it supports the Indonesian government's objective to attract exploration and reverse declining production levels.
What’s your view of this development? Is there something happening in the Salawati Basin or is the Indonesian government just gathering information in the mere hope of finding something?
posted by: noreply@blogger.com
100129 :Norway's TGS-NOPEC launches 2D data program offshore West Papua
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