TGS and Spectrum announce collaboration on expanded Santos Basin Multi-Client 3D Survey

Source: press release, 16 October 2018

Santos 3D program, offshore Brazil, will be expanded (illustration: TGS)
Santos 3D program, offshore Brazil, will be expanded (illustration: TGS)

TGS and Spectrum have joined forces and expanded the Santos 3D program to 15,000 square kilometres over the prospective southern Santos Basin offshore Brazil. TGS and Spectrum will be equal partners with data processing and imaging to be performed by TGS. The survey covers an area south of the high-profile discoveries of the Santos Basin and the recent sought-after blocks offered in Rounds 2, 3, 4, 5 and 15.

Rune Eng, CEO Spectrum, comments, “Spectrum is excited to cooperate with TGS in this survey over such a highly prospective area. The two companies will be working together to unlock the southern Santos Basin for exploration. The Santos Basin is one of the hottest exploration basins in the world with a high potential for further discoveries in deep water.”

Kristian Johansen, CEO TGS, says, “TGS is extremely pleased about this collaboration with Spectrum. This will be our second major investment in Brazil this year, expanding TGS’ commitment to this significant exploration play.”