TGS to process Mexico well library

MEXICO CITY, February 5, 2018 – Less than a week after Mexico’s successful deepwater Round 2.4, the National Hydrocarbons Commission has granted oilfield services provider TGS a contract to process its entire well library, the company said on Monday.

With the commission’s authorisation, TGS will be able to process information from 30,000 wells throughout Mexico and deliver well data products to E&P operators. The company will tackle onshore and offshore exploration wells in the first stage of processing, in addition to wells that may be included in upcoming bid rounds.

“With this combination of well data packages, comprising over 30,000 exploration, appraisal and critical wells from across Mexico, alongside our existing Gigante regional offshore 2D-seismic survey and our recently reprocessed onshore Mexico 2D-seismic dataset, TGS is optimally positioned to provide our clients with a comprehensive, high-quality Mexican database,” said Kristian Johansen, TGS CEO, in a statement.

“Our Mexican library will help E&P companies to evaluate petroleum potential from deep water to conventional and unconventional plays onshore, optimising efforts in pursuing new lease rounds and investment opportunities in this region.”

According to the release, TGS has already begun processing well data and aims to make a first delivery in February.

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