TGS and SLB form joint venture to conduct 3D seismic survey in Brazil's Pelotas Basin
Type: Partnership · Technology: Oil Gas · Country: Brazil · Announced: 2026-06-18
TGS and SLB launched a multi-client 3D seismic survey in Brazil's Pelotas Basin through a joint venture, covering approximately 13,500 square kilometers in the Pelotas Sul Phase 1 project. Data acquisition began in December 2025 using the seismic vessel Ramform Tethys and is expected to conclude in Q3 2026. The survey expands subsurface data coverage in a frontier exploration area that has drawn industry interest due to geological similarities with successful discoveries along the conjugate margin. The project includes both held and open acreage, offering opportunities for near-term exploration assessment and future licensing activity. Under the joint venture, TGS and SLB share project costs and revenues associated with the multi-client survey.