TGS announces addition to Australian data library
Tuesday, Jul 03, 2018
TGS signed a sale and purchase agreement to acquire the Australian Capreolus 3D Survey from Polarcus' multi-client library. The transaction is subject to the execution of ancillary agreements typical for a transaction of this nature with target closing date on or before 31 July 2018.

"We are pleased to announce the addition of the high-quality Capreolus 3D survey into the TGS data library. This high fold, full broadband seismic survey is 22,130 km2 in size and covers two hydrocarbon provinces with proven but underexplored oil and gas plays in the Beagle and Bedout sub-basin offshore north-west Australia. This transaction strengthens our 3D-position offshore Australia and the dataset is very complementary to our existing, extensive 3D database in the neighboring Carnarvon Basin," stated Kristian Johansen, CEO, TGS.

TGS provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

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