PGS has, in partnership with TGS, secured pre-funding for the South Bank phase II MultiClient project offshore Canada, extending on the South Bank phase I survey acquired in 2020. The Ramform Titan will mobilize for the survey in the second half of May and acquisition is scheduled to complete in the first half of September.
“We experience continued exploration interest offshore Canada, and this is the 12th consecutive year of MultiClient GeoStreamer data acquisition in the region. The South Bank phase II MultiClient survey expands our 3D data coverage in Southeast Newfoundland and will cover acreage included in the 2022 Call for Bids licensing round,” says President & CEO in PGS, Rune Olav Pedersen.
“The TGS and PGS joint venture continues to successfully provide the industry with high quality data and insights ahead of scheduled lease rounds. The South Bank 3D phase II survey will help clients with the evaluation of the blocks available in the round this November and accelerate drill decisions,” says CEO at TGS, Kristian Johansen.