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Norwegian geoscience equipment to survey offshore Colombia

25th September 2012

TGS to conduct 2D seismic survey in Colombia, country turns to offshore potential

Norwegian geoscience equipment to survey offshore Colombia
TGS will also provide processing and interpretation services of the 2D data, to be completed in late 2013

A Norwegian geoscience data provider will supply a Colombian oil and gas agency with a new survey offshore Colombia, it emerged on Monday, as the country looks to develop its untapped offshore hydrocarbon reserves.

Oslo-based oil and gas geoscience data provider TGS will provide Colombia’s national hydrocarbon agency with a new and reportedly unprecedented regional view of the country’s deepwater geology, the Norwegian firm said in a press release on Monday.

Through the use of its seismic data surveyor M/V Shatskiy, TGS will acquire a 10,000 km proprietary 2D survey offshore Colombia, with 6,400 km of the data to be acquired in the Caribbean and the remaining 3,600 km in the Pacific. In addition, TGS will also provide processing and interpretation services of the 2D data, the firm said, to be completed in late 2013.

“This contract is an important step in TGS’ strategy to grow in Latin America. Offshore Colombia remains a frontier area with little modern seismic data. TGS is excited to be working with ANH to develop the country's hydrocarbon potential,” said Rod Starr, senior vice president western hemisphere for TGS.

Despite being considered one of Latin America’s top oil producers, second only to Venezuela and Brazil, Colombia’s offshore production is currently limited. The country is looking to change this scenario and tap its offshore reserves, as industry experts predict Colombia could double oil output by 2014 and become another of Latin America’s oil and gas investment hubs.

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