Press Releases

TGS and PGS Complete Imaging and Release Final Data for 2020 Eastern Newfoundland Licensing Round in Canada

Oslo, Norway [31 March, 2020] – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced, in partnership with PGS,  the release of final 3D seismic data results offshore Newfoundland and Labrador, ahead of the C-NLOPB announcement of parcels and the forthcoming licensing round.

The fully merged and migrated Tablelands and North Tablelands 3D datasets cover approximately 12,500 square kilometers in the eastern part of Orphan Basin. The uplift in image quality provided by these datasets will enable E&P companies to fully evaluate this acreage ahead of the scheduled licensing round. The final full integrity data delineates key Cretaceous and Jurassic source rock intervals, with potential producing reservoirs from Lower Cretaceous to Lower Tertiary.

Tablelands and North Tablelands, together with the Long Range survey to the south, reveal the play fairways of the Orphan Basin, demonstrating the numerous horsts, grabens, and multiple prospective traps. All the necessary petroleum system elements in the Orphan Basin and discoveries to the east are identified on the broadband GeoStreamer data.

A quantitative interpretation of the final North Tablelands results will be available in April for participants in the round.

TGS, in partnership with PGS, have been acquiring 2D and 3D GeoStreamer multi-client data in Newfoundland and Labrador since 2011. The data outlines play fairways across offshore eastern Canada, including Labrador Sea, Orphan Basin, Flemish Pass Basin, Jeanne d’Arc Basins and the basins in Grand Banks. The partnership has an extensive seismic library offshore eastern Canada with comprehensive geological products.

Company summary     

TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide.  In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

For more information visit TGS online at www.tgs.com.

For additional information about this media release, please contact:

Jaclyn Townsend, Director, Brand Marketing, Tel: +1 832-667-4757, Email: jaclyn.townsend@tgs.com