Skip to main content

TGS Announces New Mutli-Client Onshore 3D Seismic Survey In The Appalachian Basin

TGS-Birmingham3D_PR_C65329

TGS New Mutli-Client Onshore 3D Seismic Survey In The Appalachian Basin
TGS New Mutli-Client Onshore 3D Seismic Survey In The Appalachian Basin

OSLO, Norway (27 June 2024) – TGS, a global leader in energy data and intelligence, today announced a new multi-client onshore 3D seismic survey, Birmingham 3D. The 206 KM2 survey is strategically located on the western flank of the Appalachian Basin, aligning with the most prospective trend of the Utica-Point Pleasant formation and Clinton sands.

Birmingham 3D will target multiple exploration zones, including the Ordovician Trenton and Black River, Cambrian reservoirs, Ordovician Utica/Point Pleasant and Silurian Clinton sands. This area is characterized by world-class source rocks in the Devonian Marcellus and Ordovician Utica formations. Birmingham sits just up-dip of the Point Pleasant – Utica condensate and light oil trend imaged by TGS’ Utica Merge 3D and will target the under-explored oil window of the Point Pleasant. Utilizing advanced seismic imaging, deep-rooted structures will be mapped, which are crucial for understanding hydrocarbon trapping, facies changes, basin heat flow and accurately landing horizontals.

TGS will leverage its extensive well performance & log library to calibrate the seismic subsurface data.  With access to 73,857 wells and 144,597 logs in the Ohio portion of the Appalachian Basin, TGS also offers its proprietary formation tops database, updated well performance data through its Well Data Analytics platform, and Basin Temperature Modeling (BTM) products.

“TGS is committed to providing high-quality data and intelligence to drive exploration and production success onshore United States,” said Kristian Johansen, CEO of TGS. “The Birmingham 3D survey represents a significant investment toward understanding the full potential of the Appalachian Basin. Alongside our other supporting products in the region, such as our extensive well log library and interpretive products, we are confident this survey will provide valuable insights for our clients.”

The acquisition of Birmingham 3D is scheduled to commence in early Q4 2024. Preliminary products are expected to be available by Q1 2025, and final data by Q3 2025.

This project is supported by industry funding.

About TGS
TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.

Forward Looking Statement
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

For more information, visit TGS.com or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.