Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 9, 2019

TGS and PGS team up for Canadian offshore seismic survey

Norwegian survey services firms TGS and PGS have entered into a joint venture to carry out two multi-client projects offshore Canada.

Norwegian survey services firms TGS and PGS have entered into a joint venture to carry out two multi-client projects offshore Canada.

The two projects, North Tablelands 3D and Southeast Grand Banks 2019 2D, will encompass the eastern offshore region of Canada and are supported by industry funding.

The North Tablelands 3D comprises around 5,000km² and will be executed by PGS’ Ramform Atlas using the PGS Geostreamer technology. It is expected to begin in June 2019.

Combined with the 2018 Tablelands 3D survey, the project encompasses the majority of open acreage included in the November 2020 bid round.

The second offshore seismic survey, Southeast Grand Banks 2019 2D, will cover approximately 13,300km. It will mainly include open acreage to be included in the bidding rounds of South Eastern Newfoundland (2021) and Southern Newfoundland (2022).

“The successful joint venture between TGS and PGS has consistently provided the industry with the highest quality data in advance of scheduled licensing rounds.”

Also scheduled to begin in early June 2019, the data acquisition will be carried out by the MV Sanco Atlantic vessel.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

TGS CEO Kristian Johansen said: “The successful joint venture between TGS and PGS has consistently provided the industry with the highest quality data in advance of scheduled licensing rounds.

“We will continue to prioritise this high potential region and look forward to playing a vital role in future developments.”

Once the data acquisition is completed, the jointly owned library will include around 189,000km of 2D GeoStreamer data and nearly 48,000km² of 3D GeoStreamer data of offshore East Canada.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU