TGS completed the fifth consecutive acquisition season offshore Newfoundland Labrador in partnership with PGS. The successful 2015 season was the biggest yet with the acquisition of over 27,000km of 2D multi-client seismic data and two multi-client 3D surveys, both in excess of 4000sq km.
The joint venture library in this region is now approximately 112,000km of modern, long offset, broadband 2D seismic data and 9000sq km of 3D seismic data in addition to 83,700km of TGS vintage data, well log and interpretive packages.
"In 2015, through the joint venture, we acquired more multi-client seismic data than we have ever previously achieved in a single season in this area. It was also our first multi-client 3D data over open acreage under the Scheduled Land Tenure System and our first multi-client 3D data over leased acreage to fulfill a work program obligation. The first Newfoundland Labrador Scheduled Land Tenure Call for Bids (NL15-01EN) closes today (12 November),” Katja Akentieva, TGS senior VP western hemisphere said.
According to TGS, Nalcor Energy recently revealed the results of its resource assessment in the area, which showed the potential for up to 12 billion bbl and 113 Tcf of gas in place.
Map from TGS.
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