TGS and Oseberg Partner to Integrate Lease Data into Well Data Analytics Platform

Core Insights - TGS has formed a strategic partnership with Oseberg to enhance its Well Data Analytics (WDA) platform by integrating Oseberg's lease data attributes, which will improve analysis capabilities for energy sector companies [1][2]. Group 1: Partnership Details - The first phase of the integration allows WDA users to access lease ownership data for Texas, New Mexico, and Oklahoma, along with other subsurface well data, facilitating more efficient well planning and risk reduction [2]. - The collaboration aims to optimize development strategies by aligning drilling programs with land ownership and leasehold constraints, with applications in merger and acquisition analysis, project site planning, investment evaluation, and resource inventory management [2]. Group 2: Statements from Executives - Carl Neuhaus, VP of Well Data Products at TGS, emphasized that the partnership combines high-quality lease data with comprehensive geological and well databases, enabling users to verify land ownership quickly and improve development planning accuracy [3]. - Evan Anderson, CEO of Oseberg, highlighted the importance of structured and context-rich information for decision-making, noting that their focus is on structuring unstructured filings to provide critical insights for reserves and strategy [3][4]. Group 3: Company Backgrounds - TGS boasts the industry's most extensive well data library, with over 100 years of curated public and non-public sources, and offers a user-friendly WDA tool that integrates high-quality well data with advanced visualization and customizable dashboards [5]. - Oseberg is a next-generation data company that transforms unusable oil and gas public filings into actionable intelligence, utilizing a specialized NLP engine to handle complex data formats and provide real-time insights [6].