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May 7, 2014

TGS expands operations in Barents Sea and offshore eastern Canada

TGS, a provider of multi-client geoscience data to oil and gas companies, and PGS are set to jointly acquire more than 30,000km of seismic data under the multi-client 2D surveys offshore eastern Canada expansion plans.

TGS, a provider of multi-client geoscience data to oil and gas companies, and PGS are set to jointly acquire more than 30,000km of seismic data under the multi-client 2D surveys offshore eastern Canada expansion plans.

The companies will use two vessels, M/V Sanco Spirit and M/V Atlantic Explorer, during the 2014 acquisition season.

In June 2014, the M/V Sanco Spirit, which uses PGS GeoStreamer technology, will start collecting seismic and gravity data in the Labrador Sea and north-east Newfoundland-Flemish Pass areas.

TGS will process the data and the final results will be provided to clients in the third quarter of 2015.

This project will provide valuable data covering expected areas of interest (AOIs) to be released by Canada’s Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), as part of the new land tenure system announced to the industry on 19 December 2013.

In July 2014, the M/V Atlantic Explorer, which also uses PGS GeoStreamer technology, will start collecting seismic and gravity data in the tail of the Bank area of south-east Grand Banks.

The south-east Grand Banks 2D covers an initial 15,000km to infill the existing TGS NF 101 tail of the Bank 2D survey acquired in 2000, where it is expected the C-NLOPB will announce future AOIs.

"We believe offshore eastern Canada is one of the world’s newest energy frontiers and the region holds significant untapped potential."

This data will also be processed by TGS and the final data will be submitted to clients in the third quarter of 2015.

TGS senior vice-president Western Hemisphere Rod Starr said: "We believe offshore eastern Canada is one of the world’s newest energy frontiers and the region holds significant untapped potential.

"This season’s commitment to two vessels will accelerate our expansion of regional coverage in support of Newfoundland-Labrador’s provincial energy strategy, including more detailed coverage in the expected future AOIs."

Separately, TGS has also partnered with Electromagnetic Geoservices ASA (EMGS) to acquire electromagnetic (EM) data over four additional blocks in the Hoop area of the Barents Sea to bring its total joint ownership of multi-client EM data in this area to 21 blocks.

Both firms will jointly invest in EM data acquisition over 14 new blocks in the south-eastern Barents Sea.

The new 3D EM data will be acquired by the M/V Atlantic Guardian and will be made available to clients through both EMGS and TGS.

TGS senior vice-president Eastern Hemisphere Stein Ove Isaksen said: "TGS and EMGS are pleased to expand their cooperation in the Barents Sea.

"We believe that high quality, integrated EM and seismic data will be very valuable for oil companies participating in the 23rd Norwegian licensing round."

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