Category: Oil and Gas business

If you have heard of the Northern Lights, then you may know that they’re generated by electrical currents from the earth’s surface (both sea and land). Telluric current is the name for these naturally occurring low-frequency electrical currents. Oil companies examine the currents when analyzing petroleum reserves.

Pulling cables used on tension leg platforms used to ensure platform stability during operations

A well drilled in an area where no current oil or gas production exists

An oil and gas lease that expires after a specified period of time, regardless of whether oil, gas and/or other minerals are being produced

Resources in accumulations producible using current recovery technology but with no regard to economic profitability for doing so.

TGS has been providing best-in-class multi-client data and services to successful E&P companies for over a quarter century. their geophysical and geological data products are distributed around the globe and include one of the youngest and best targeted multi-client seismic libraries, extensive magnetic and gravity data, the industry’s largest global database of digital well logs, and regional interpretive products. They also provide high-end depth imaging services to help resolve complex seismic imaging problems. The TGS well log database presently contains more than five million well logs from key exploration areas in 21 countries worldwide. Their 2D and 3D seismic library is one of the most diverse in the marketplace.TGS have carried out extensive surveying of the Eastern Med area so that any company that is interested to carry out oil and gas exploration activities could view the data available at TGS for a fee and then purchase any data of interest