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(WO) – PGS, together with JV consortium partners TGS and SLB, has secured pre-funding to expand multiclient 3D seismic coverage in the prospective Sarawak basin offshore Malaysia. The survey will cover approximately 5,300 km², for which the Ramform Sovereign is currently mobilizing, with completion of acquisition expected late November.

The survey is the third phase of a multi-year contract awarded initially by PETRONAS in August 2020 to acquire and process up to 105,000 km² of multiclient 3D seismic data over a 5-year period in the basin. The first phase of the Sarawak program was acquired in 2021 covering 8,400 km², and acquisition of the 6,800 km² second phase has just been completed (August 2023).

PETRONAS, through Malaysia Petroleum Management (MPM), is actively enhancing its data sets that will introduce new plays to be explored, especially in imaging the pre Middle Miocene Unconformity (MMU) play in the deepwater area of Sarawak basin. This enhancement will enable clients to effectively conduct assessment on the potential opportunities for exploration and participate in the Malaysia Bid Round.

"Exploration interest in the Sarawak basin is strong, and I am very pleased that we have secured pre-funding for phase three, with mobilization commencing back-to-back with completion of phase two. The Sarawak basin comprises of a proven petroleum system with many producing fields. By acquiring multiclient data with our Ramform vessels and GeoStreamer technology, PGS and partners will provide high quality regional scale seismic data that will improve regional understanding of the petroleum systems,” says Rune Olav Pedersen, President & CEO in PGS.

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