General – Long Term Contract
TGS and Chevron have signed a three-year capacity agreement for marine streamer and OBN acquisition services.
The minimum firm commitment under the three-year term of the capacity agreement is 18 months of a combination of OBN and streamer acquisition services.
The parties plan to collaborate on seismic acquisition projects utilizing TGS streamer and OBN crews for exploration and development projects.
The CA will also strengthen the relationship between Chevron and TGS and promote collaboration on technology development across a wide range of geophysical areas, including survey design, acquisition technology, data collection, and data integration.
The previously announced St Malo 4D OBN reservoir monitoring contract in the Gulf of Mexico will be included in this agreement and will begin the collaboration immediately.
