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Seismic survey companies Spectrum and TGS have announced a collaboration on expanding multi-client 3D survey of the Santos Basin offshore Brazil.
Spectrum reported on Tuesday that the company has joined forces with TGS and expanded the Santos 3D program to 15.000 square kilometers in relation to the southern Santos Basin prospect. According to the company, TGS and Spectrum will be equal partners with data and image processing to be carried out by TGS. The survey covers an area south of the high-profile Santos Basin discoveries and the most sought-after recent blocks offered in Rounds 2, 3, 4, 5 and 15.
Rune Eng, CEO of Spectrum, said: “Spectrum is excited to cooperate with TGS on this research into a highly prospective area. The two companies will work together to unlock the Southern Santos Basin for exploration. The Santos Basin is one of the hottest exploration basins in the world, with high potential for new discoveries in deep waters. ”
Kristian Johansen, CEO of TGS, added: “TGS is extremely pleased with this collaboration with Spectrum. This will be our second major investment in Brazil this year, expanding TGS's commitment to this important exploration game.”
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Spectrum began the initial 3 square kilometer multi-client 10.000D seismic project in July of this year. At the time, the project did not include the blocks offered in Round 5.
According to information from July, accelerated pace data would be available for a round scheduled for the second half of 2019.
Before this research project began, Spectrum had already acquired 200.000 long distance kilometers of high quality 2D data, covering almost the entire coastline of Brazil. Check out the latest company acquisitions in our territory here.
