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Norway-based energy data and intelligence company TGS has won a new deal in the Southern Atlantic and joined forces with Blue River Analytics, creators of the Analytics for Energy (A4E) Suite on the Spotfire platform, to optimize well and production data analysis.
While disclosing its new 3D streamer contract in the Southern Atlantic, the company described the new assignment as a large one, with the acquisition scheduled to begin in the fourth quarter of 2024. This deal has a duration of approximately 140 days.
Kristian Johansen, CEO of TGS, commented: “We are very pleased to secure this large 3D streamer contract by leveraging our integrated business model. The comprehensive seismic survey is designed for enhanced subsurface imaging in a challenging geological environment. Our Ramform acquisition platform, coupled with our proprietary GeoStreamer and Gemini source technology will secure delivery of high-quality seismic 3D data.”
TGS has won multiple new assignments over the past few months, including another 3D streamer contract in India and an ocean bottom node (OBN) contract in Europe, both due to begin at the start of 2025.
Meanwhile, the company has joined forces with Blue River Analytics to integrate its production, completions, and cost data directly into the A4E Suite, providing exploration and production (E&P) companies with what it describes as “an efficient way to access, analyze and forecast well data.”
David Hajovsky, Executive Vice President of Multi Client at TGS, remarked: “This partnership diversifies how operators leverage our comprehensive data library. By integrating TGS data directly into Blue River Analytics’ templates—we’re not just saving our customers weeks of time—we’re fundamentally improving how they build and update their economic models.”
The firm claims that the combination of its data with Blue River Analytics’ platform will enable joint customers to benefit from “streamlined workflows that deliver actionable insights and highly accurate forecasts in minutes.”
This is said to remove the need for manual data preparation while providing sub-surface teams with capabilities like advanced decline curve analysis, auto-detect workovers, probabilistic Markov Chain Monte Carlo (MCMC) forecasting, and reserves import/export.
John Buckley, Founder and CEO of Blue River Analytics, commented: “In today’s fast-paced energy landscape, rapid, seamless access to high-quality data is essential for confident, data-driven decision-making.
“Our partnership with TGS and the integration of the A4E Suite in Spotfire eliminate traditional data access barriers, equipping E&P companies, mineral companies, banks and private equity firms with streamlined workflows that deliver laser-accurate forecasts in minutes.” |
