TGS completes 25% of Gigante seismic

TGS announced that it has acquired 46,500km (25%) of the 186,000km 2D seismic project, Gigante.  The survey is being acquired with four Seabird vessels and the fifth vessel, m/v Aquila, will join the survey in early November. 

Gigante covers the entire deepwater area of the offshore sector of Mexico and ties into TGS seismic data acquired in the US Gulf of Mexico.  Completion of the survey is expected in the 2Q of 2016.  Delivery of the fast track products began in September 2015.

TGS has received the environmental impact resolution from the Mexican Authorities for its multibeam survey and will shortly commence acquisition in Mexico. This survey ties into the recently completed multibeam program in the US Gulf of Mexico.  Completion of the Gigante multibeam project is expected in the 4Q of 2016.

"TGS' unique and comprehensive geoscience package will be an essential tool for E&P companies in their drive for hydrocarbon exploration and development success in offshore Mexico," comments Katja Akentieva, Sr. vice president, Western Hemisphere, TGS.

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