OSLO, Norway (7 June 2023) – TGS, a leading global provider of energy data and intelligence, announced today the Amazonia Azul 2D-cubed project, the first of its kind offshore Brazil. This project represents an expansion of TGS' multi-client data coverage in the region and aims to enhance the understanding of the Brazil Equatorial Margin area.
Covering a vast area of 268,506 square kilometers, the Amazonia Azul 2D-cubed project will play a crucial role in unlocking the potential of this offshore basin.
Kristian Johansen, CEO at TGS, commented, "We are pleased to introduce the first 2D-cubed project in Brazil’s Equatorial Margin. This groundbreaking endeavor demonstrates TGS' commitment to pushing the boundaries of geoscience innovation and delivering high-quality data solutions to our clients. By expanding our coverage and leveraging state-of-the-art technologies, we are excited to contribute to exploration development in this region."
The innovative 2D-cubed technology utilizes a structurally conformable interpolation engine that transforms 2D data into a comprehensive 3D volume, which can be interpreted on a regional scale. This cutting-edge approach enables users to fully leverage the capabilities of their 3D interpretation software, significantly improving analysis and facilitating the communication of geological insights.
Initial data delivery is expected in Q1 2024.
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
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