ASKER, NORWAY (21 January 2016) TGS, through its wholly-owned subsidiary Arcis Seismic Solutions, announces acquisition of the Chickadee 3C-3D multi-client survey covering 190 km2. The survey, located in West Central Alberta represents an expansion of TGS' existing coverage along the Duvernay fairway and is adjacent to the 722 km2 Kaybob-Bigstone 3D survey which was acquired in 2015.
The program is designed to assist in the evaluation and development of multiple zones from the Cretaceous to Devonian, including the prolific Duvernay and Montney. Secondary objectives within the prospective fairway include the Swan Hills, Gething, Notikewin and Gilwood formations.
The survey will be acquired as full-azimuth multi-component (3C) data volume with advanced interpretation products forming part of the deliverables. Recent advances and processing applications developed by TGS will be an integral part of final deliverables and should enhance the value of the seismic for exploration and development purposes. Initial data will be available to clients in Q2 2016.
This project is supported by industry funding.
In addition TGS has entered into an agreement, effective 31 December 2015, with a group of oil and gas companies to acquire an existing onshore 3D seismic project in Oklahoma called Kingfisher. The Kingfisher 3D spans approximately 500 km2 over Kingfisher, Blaine and Canadian counties.
Kingfisher 3D was acquired utilizing similar parameters to TGS' existing Loyal 3D survey. The Loyal and Kingfisher 3D surveys will be merged and will cover approximately 2,000 km2 in the core of the oil window targeting the prolific Meramec, Cana Woodford, Woodford Shale, and Hunton intervals within the commonly referenced STACK play fairway. Separate PSTM volumes of both surveys are available to our clients immediately. The merged volume of the two projects will be available mid-Q2, 2016. Data processing will also be performed by Arcis Seismic Solutions and the resulting data will be exclusively owned by TGS.
"The acquisition of the Chickadee 3D and Kingfisher 3D surveys is consistent with our strategy to grow in prolific and high potential onshore plays in North America through both organic and inorganic investment. Both surveys expand upon adjacent TGS seismic data and are in locations where clients recognize that the application of seismic can deliver significant benefits to their exploration and production activities" commented Katja Akentieva, Senior VP Western Hemisphere for TGS.