The contract for TGS’ first 3D streamer acquisition for Northwest Europe’s summer season will begin in May 2025. (Source: Shutterstock)
Energy data provider TGS announced the award of its first 3D streamer contract for the 2025 Northwest Europe summer season on Nov. 11.
The client will be using TGS’ GeoStreamer technology and Ramform acquisition platform.
The contract award underscores an increase in global demand, TGS CEO Kristian Johansen said in the press release. And, TGS has experienced higher bidding activity in the area compared to recent years, Johansen said.
“We are experiencing higher bidding activity for this region compared to recent years, and while most of our streamer acquisition programs in Northwest Europe were multi-client in 2024, this trend will likely be reversed in 2025 with an overweight of contract work,” Johansen said. “The planned activity increase in the Northwest Europe region mirrors the global demand increase we experience for our services scheduled for first-half 2025.”
The acquisition will begin in May 2025 with a total duration of approximately 35 days.
Recommended Reading
E&P Highlights: Dec. 30, 2024
2024-12-30 - Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize
2024-10-24 - The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.
Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
2024-10-24 - Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
EY: Three Themes That Will Drive Transformational M&A in 2025
2024-12-19 - Prices, consolidation and financial firepower will push deals forward, says EY.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.