Oslo-listed seismic data specialist TGS and US supermajor Chevron have signed a three-year capacity agreement for marine streamer and OBN acquisition services.
The minimum firm commitment under the three-year term of the capacity agreement is 18 months of a combination of OBN and streamer acquisition services.
The two plan to collaborate on seismic acquisition projects utilising TGS streamer and OBN crews for exploration and development projects.
The deal will also drive collaboration on technology development in a wide range of geophysical areas, from survey design, acquisition technology, data collection, and data integration.
The previously announced St Malo 4D OBN reservoir monitoring contract in the Gulf of Mexico will be included in this agreement and will kick-start the collaboration immediately.
“This agreement not only provides crucial utilisation and visibility for both parties but also creates an opportunity for collaboration across our wider service portfolio,” said Kristian Johansen, CEO of TGS.
