PGS to carry out surveys offshore eastern Canada this summer

The three new PGS marine seismic surveys will be acquired by the Ramform Atlas and Ramform Titan between early June and early September 2020. PGS will deliver fast-track results in 2020, and final imaging and interpretation products in early 2021.

Blomidon 3D will map approximately 4000 km2 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 will be available in early 2021.

South Bank 3D will cover approximately 3000 km2 with GeoStreamer 3D data over open acreage that will be included in the south-eastern Newfoundland Call for Bids, closing in November 2021. This is the first 3D project in the area and results are expected to improve understanding of its potential. Fast-track PSTM imaging products for South Bank will be available for licensing by the end of the year, with final imaging and interpretation products available early 2021.

The Torngat Extension 3D builds an additional ca. 3000 km2 on the company's library of existing coverage from 2019 acquisition, to create a total of 6600 km2 over open acreage that is part of the South Labrador Call for Bids, closing in November 2021. Fast-track PSTM Imaging products will be available for licensing by the end of 2020. Final imaging and interpretation products will 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," said Neil Paddy, New Ventures Manager for Canada at PGS.

Image courtesy of PGS

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