TGS and SLB to Survey 11,200 km² Offshore Southern Brazil
TGS and SLB announced a multi-client 3D survey covering 11,200 km² offshore southern Brazil, with acquisition starting in October 2026.
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what happened
GlobeNewswire, citing TGS, reported that the company and SLB have announced Pelotas Sul Phase 2, a multi-client 3D seismic survey offshore southern Brazil. The project will cover approximately 11,200 km², and data acquisition is scheduled to begin in October 2026.
Completion is targeted for Q2/Q3 2027. The program includes both held and open acreage and builds on the coverage established during Phase 1, extending the partners’ presence in the basin.
why it matters
The survey expands TGS’s multi-client data library and could support later licensing activity. Market attention is likely to focus on prefunding, vessel utilization, processing milestones and sales updates. The joint venture with SLB provides risk and cost sharing, while revenue recognition may be spread across multiple stages.
instruments
sources
- TGS (TGSAS) Launches 11,200 km² Brazil Seismic Survey — globenewswire.com, 13 October 2026 at 05:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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