TGS announces availability of Permian Basin well database
Global geo-scientific data products and service provider TGS has announced the immediate availability of the E&P industry's comprehensive well database in the Permian Basin, US.
The company has prepared a comprehensive commercially available database of products in the Permian Basin that includes more than 430,000 wells with thousands of previously unidentified wellbores.
TGS now has confirmed well header data for 357,000 wellbores, raster logs for all wells, digital LAS for more than 280,000 wellbores with production volumes for all producing wells in the basin.
The database also provides forecasted estimated ultimate recoveries (EURs) for each producing well in the basin, including interpreted formation tops and temperature models within the basin.
TGS CEO Kristian Johansen said: “As operators continue to flood into the Permian Basin, the substantial completion of the TGS Permian Basin database could not have been timed better.
“This information will allow operators to better assess the positions available in the basin, prepare for A&D activity, and ensure the safe, reliable, and optimal production of their acreage positions.
“These data sets have undergone rigorous and thorough processing by a dedicated team of professionals to ensure the most complete and broad database available in the industry.
“By first validating the well header information itself, identifying all boreholes for each well, and ensuring all data is tied to the right borehole in the right position, operators can rest assured that they have access to the most accurate commercial information available for their Permian investment.”
This Permian database is available online through TGS' R360 and LOG-LINE Plus! web portals. It comes with basin-wide data packages that covers the Midland, Delaware or Central Platform regions, or over the entire Permian Basin.
The company claimed that all data products come with 100% coverage of the wellbore system from surface to TD.
The data are quality controlled and all characteristics such as depth, direction, height and elevation follow strict guidelines for accuracy.
TGS expects that the database will enable it to provide its clients a comprehensive, quality informative data package that will help to analyse basins in the US.
Image: An oil well in Texas. Photo: courtesy of Flcelloguy / Wikipedia.