ASKER, NORWAY (19 July 2010) - TGS announced acquisition commencement of 15,000 km of multi-client 2D seismic data off the northwest coast of Greenland in Baffin Bay.
This season marks the 12th consecutive year of new data acquisition by TGS in Greenland. TGS will utilize the M/V Bergen Surveyor to acquire the survey. The data processing will be done at TGS' imaging center in Bedford, England.
TGS dominates the multi-client seismic market in Greenland and following the 2010 acquisition plan the TGS Greenland seismic library will contain approximately 120,000 km of data, of which approx 40,000 km is located in the Baffin Bay area.
"It is an exciting time in the life of hydrocarbon exploration in Greenland. A large number of companies pre-qualified and bid for acreage in the current Baffin Bay tender round. These companies are awaiting the award of blocks which is expected to take place in Q3-2010. In addition, the industry is closely anticipating the results from exploration drilling that is in progress offshore southwest Greenland", stated Kjell E. Trommestad, VP & General Director, Europe for TGS. "TGS has diligently expanded our multi-client database in this area for many years and TGS now offers the most important and complementary multi-client 2D data set for exploration companies who are interested in this frontier region," said Trommestad.
Data from the Baffin Bay survey will be available for customers in Q1-2011. The survey is supported by industry pre-funding.