TGS Starts Multi-Client 2D Survey Offshore Newfoundland

TGS in partnership with PGS have commenced a new 12,427-mile (20,000-kilometer) multi-client 2D survey over the Northeast Newfoundland Shelf.

The seismic data is being acquired by the M/V Sanco Spirit and utilizes PGS GeoStreamer technology. Data acquisition will continue into early 4Q 2012 and the vessel will return in 2013 to complete the survey. The survey area covers oil discoveries including Hibernia, Terra Nova, Hebron, White Rose and the recent Mizzen discovery.

"It is important for TGS to continue adding data coverage in an area where there is little modern multi-client seismic data available to the market. Northeast Canada remains one of the most promising deepwater exploration arenas in the world and we are excited to be in a leading position," commented Rod Starr, Senior VP Western Hemisphere for TGS.

Initial data will be available to clients during 1Q 2013. The survey is supported by industry funding.