TGS, PGS Team Up on Eastern Canada Seismic

TGS, in partnership with PGS, plans to acquire more than 36,000 km of 2D seismic data offshore Eastern Canada  during the 2016 acquisition season.

The M/V Sanco Spirit and M/V Atlantic Explorer, utilizing the PGS GeoStreamer technology, will acquire seismic and gravity data in the Labrador Sea, Newfoundland Orphan-Flemish Pass basins and Grand Banks areas.

Data acquisition will start during late May 2016, TGS said. Pre-processing of the initial GeoStreamer signal will be performed by PGS following which TGS will perform data processing with final data available to clients in Q3 2017.

“Offshore Newfoundland and Labrador has been an area of high interest from exploration companies in an otherwise challenging market as evidenced by the successful licensing round in November 2015. This will be our sixth consecutive season acquiring data in partnership with PGS in this highly prospective region, targeting expected Areas of Interest (AOIs) to be released under the scheduled land tenure system,” said Kristian Johansen, CEO for TGS.

The project is supported by industry funding.

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