TGS, in joint venture with SLB, has announced the Pelotas Sul Phase 1 multi-client 3D seismic survey in the Pelotas Basin offshore southern Brazil. The survey covers approximately 13,500 square kilometers, with the Ramform Tethys having mobilized in December 2025 and data acquisition expected to be completed in early Q3 2026. The project expands TGS' high-quality seismic coverage in a frontier region that has seen growing interest due to successful exploration results along the conjugate margin and features diverse play concepts including turbidite systems, deep-water channels, and underexplored stratigraphic and structural traps. Pelotas Sul Phase 1 includes a balanced mix of held and open acreage, providing opportunities for near-term evaluation and future licensing round sales. CEO Kristian Johansen noted that the survey complements the previously announced Pelotas Norte in the northern part of the basin and will support customers evaluating new exploration opportunities in the southern Pelotas Basin.
TGS NOPEC Geophysical Company ASATGS announces a new large 3D seismic survey project, indicating customer demand for its services in the Pelotas Basin.
SLB N.V.SLB is a joint venture partner in the Pelotas Sul survey, benefiting from increased demand for seismic services.
Transportadora de Gas del Sur SA ADR