HOUSTON, TX (May 12, 2016)- TGS announced that it has acquired approximately 141,000 kilometers (75%) of the planned 186,000 km 2D seismic project, Gigante. Gigante covers the entire offshore sector of Mexico and ties into TGS' regional 2D seismic grid covering the entire US Gulf of Mexico. Preliminary data results have identified a number of prospective play fairways within a variety of structural provinces. Delivery of fast track Pre-stack Time data is ongoing with 103,380 kilometers available and approximately 64,000 kilometers of preliminary pre-stack depth available for the Deep Water Bid Round scheduled for December 5, 2016.
In addition, acquisition of multibeam data is 30% complete with preliminary results available. This data is used to identify hydrocarbon seeps on the seafloor and will direct TGS' seafloor coring operations which began January 22. Coring in the Perdido area is now 100% complete. Seafloor core samples will be analyzed to determine hydrocarbon grade and will be combined with TGS' other geoscience data as part of a comprehensive interpretative study of the region. Maps for both surveys can be foundhere.