PGS set for three new surveys off Canada

Marine geophysical firm PGS will carry out three new surveys for Eastern Canada in 2020.

PGS’ new Blomidon, South Bank, and Torngat Extension GeoStreamer surveys are all supported by industry funding.

Together they will cover approximately 10,000 square kilometres offshore Labrador and Newfoundland.

Seismic vessels Ramform Atlas and Ramform Titan will acquire the three surveys between early June and early September 2020.

PGS said it will deliver fast-track results in 2020, and also final imaging and interpretation products in early 2021.

Blomidon 3D will map approximately 4,000 square kilometres of GeoStreamer 3D data over open acreage that will be included in the north-eastern Newfoundland Call for Bids, which closes in November 2022.

Fast-track PSTM imaging products will available for licensing by October 2020.

Final imaging and interpretation products should also be available in early 2021.

South Bank 3D will cover approximately 3 000 square kilometres with GeoStreamer 3D data over open acreage set for launch in the south-eastern Newfoundland Call for Bids, closing in November 2021.

This is also the first 3D project in the area, PGS noted.

Fast-track PSTM imaging products for South Bank will be available for licensing by the end of the year.

Furthermore, final imaging and interpretation products should be available early 2021.

The Torngat Extension 3D builds an additional some 3,000 square kilometres on PGS library of existing coverage from 2019 acquisition, to create a total of 6,600 square kilometres over open acreage that is part of the South Labrador Call for Bids, closing in November 2021.

According to PGS, fast-track PSTM Imaging products will be available for licensing by the end of 2020.

Additionally, final imaging and interpretation products should be ready in early 2021.

“Canada remains a good investment for explorers and we experience significant interest for our MultiClient GeoStreamer data in the Newfoundland and Labrador area as GeoStreamer data continues to enhance understanding and unlock new potential,” says Neil Paddy, New Ventures manager for Canada at PGS.