Showing posts with label TGS-NOPEC Geophysical Co. (TGS). Show all posts
Showing posts with label TGS-NOPEC Geophysical Co. (TGS). Show all posts

Tuesday, July 9, 2019

Egypt-Saudi Arabia maritime demarcation agreement makes headlines again - AL MONITOR

Tiran (foreground) and Sanafir (background) islands between
Egypt's Sinai Peninsula and Saudi Arabia
July 9, 2019
Rami Galal 

CAIRO — The issue of sovereignty over the two islands of Tiran and Sanafir in the Red Sea at the Strait of Tiran leading to the Gulf of Aqaba is once again making headlines in Egypt. The country had witnessed a wave of anger three years ago against the backdrop of the signing on April 8, 2016, by Egypt and Saudi Arabia of a maritime border demarcation agreement, under which Saudi Arabia gained sovereignty over the islands.

During a meeting with an Egyptian parliamentary delegation June 26, Red Sea Gov. Gen. Ahmed Abdullah revealed great gains for the Egyptian economy that are about to materialize as a result of the 2016 agreement. “A large number of people focused on the islands of Tiran and Sanafir and completely ignored the economic gains that the Egyptian citizen will gain,” he said.

According to Abdullah, Egypt has been able, after the agreement, to exploit the wealth in the Red Sea. He explained that the border demarcation agreement allows Egypt to drill in deep territorial waters because the International Law of the Sea defines territorial waters and economic waters as well as the equidistant line between countries. The International Law of the Sea does not determine the maritime borders between countries.

Sunday, May 20, 2018

Schlumberger to complete Gulf of Suez seismic studies before end of 2018 - ENTERPRISE

Sunday, 20 May 2018

Oilfield services company Schlumberger is set to complete seismic studies in the Gulf of Suez before the end of this year, a source tells Youm 7

Norway’s TGS also expects to deliver final data in December this year after completing a 10,000-km 2D seismic surveyalong Egypt’s Red Sea border with Saudi Arabia. 

Schlumberger and TGS-NOPEC are two of five firms that were awarded contracts for scans in the area last year.

Wednesday, December 20, 2017

TGS and Schlumberger Announce New 2D Multi-client Project in Egyptian Red Sea - TGS

20 December 2017

ASKER, NORWAY (20 December 2017) - TGS-NOPEC Geophysical Company (TGS) and Schlumberger today announced a new 2D seismic project offshore Egypt.

The project will comprise acquisition of a 10,000 km 2D long-offset broadband multi-client seismic survey. Advanced new acquisition and imaging techniques will provide better illumination of complex subsalt structures. The project will integrate all legacy seismic and non-seismic data. Acquisition will commence mid-December and is expected to complete in late Q1 2018.

This project is part of an agreement entered with South Valley Egyptian Petroleum Holding Company (GANOPE) in which Schlumberger and TGS have a minimum 15-year period of exclusive multi-client rights in a ~70,000 km2 open area offshore the Egyptian Red Sea.