The agreement will allow TGS to manage and license more than 132,000 sq kms of seismic data, both 2D and 3D. (Image source: TGS)
By agreement, Tanzania’s Petroleum Upstream Regulatory Authority (PURA) has given energy data and intelligence company TGS full access to the region's extensive offshore subsurface data
The agreement will allow TGS to manage and license more than 132,000 sq kms of seismic data, both 2D and 3D.
Tanzania boasts strong play diversity, proven through exploration success across much of the stratigraphy, from Early Cretaceous to Miocene reservoirs. The comprehensive dataset comprises of regional seismic as well as well data, unlocking insights into the basin's evolution and structural history.
It will help identify hydrocarbon plays, allow for prospect-specific analysis, mapping of robust trapping configurations, and help understand the maturity and distribution of source rocks.
Besides exclusive rights to license all of Tanzania’s offshore mainland data, TGS is also free to acquire new seismic data and reprocess existing data.
The company can support upcoming licensing rounds, which is expected to start next year. Tanzania is now ranked third in sub-Saharan Africa for future investment, anticipating 6% GDP growth by 2025, with million-dollar investments in infrastructure, and LNG, among other sectors.
Attractive exploration target
David Hajovsky, EVP of multi-client at TGS, said, “Tanzania remains an attractive exploration target with its world-class gas fields and excellent sands proven across multiple source intervals. By providing access to high-quality seismic data ahead of potential future licensing activities, TGS will empower exploration and production companies to evaluate opportunities in this under-explored but highly promising region of East Africa.”
TGS has also signed an agreement recently with the national oil company of Liberia (NOCAL) for data access expansion in the region.
