HOUSTON, TX (5 February 2017) - TGS announces that it has obtained commercial authorization from the Mexican regulator, Comisión Nacional de Hidrocarburos (CNH), to process its entire library of more than 30,000 wells in Mexico. This award grants TGS the right to process and deliver high-quality, high-value well data products to companies exploring in offshore and onshore Mexico. The first phase of processing is focused on all onshore and offshore exploration and appraisal wells, plus key development wells for bid rounds.
TGS' Mexico well data packages are available for delivery through the TGS R360 web portal. The workstation ready packages of subsurface data include Digitized Well Logs in LAS+ format, SmartRasters, and Validated Well Headers, with optional Checkshots and Directional Survey Plus, Checkshot Plus, Mud LAS and Lithology LAS. All data products come with full coverage of the wellbore system from surface to total depth. TGS will perform quality control to ensure all attributes such as depth, direction, height, and elevation meet the most stringent guidelines for accuracy.
The packages provide key coverage of all offshore and onshore basins including exploration and appraisal wells in Perdido Fold Belt and Salina basin with additional focus on high interest areas such as Sureste and Veracruz, where recent discoveries have received industry-wide attention. The packages also focus on Tampico-Misantla, with dense coverage across Chicontepec, and deep data for Agua Nueva and Pimienta unconventionals extending through the Burgos Sabinas Basins. Processing has already commenced and with first delivery expected in February 2018.
"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. Our Mexican library will help E&P companies to evaluate petroleum potential from deep water to conventional and unconventional plays onshore, optimizing efforts in pursuing new lease rounds and investment opportunities in this region," commented Kristian Johansen, CEO for TGS.