Norway: TGS Starts Third Multi-Client 3D Survey in Barents Sea

Business & Finance

TGS has commenced acquisition of a 3D multi-client survey covering 1,500 km2 between the Finnmark Platform and Nordkapp Basin in the Barents Sea. The 150 km long survey follows the bended strike direction of the inverted margin between the two major structural elements in the region.

We believe the survey will be instrumental in reducing trap risk on the narrow structural trend stretching east to the border of the previously disputed zone between Norway and Russia,” commented Kjell Trommestad, Senior Vice President and General Director of Europe and Russia for TGS.

The new seismic data is being acquired by the M/V Polar Duke. The data will be processed by TGS and available to clients by Q2 2012.

The survey is supported by industry funding.

TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data and services to oil and gas Exploration and Production companies around the globe. TGS’ geophysical and geological data products include multi-client seismic libraries, permanent reservoir monitoring, magnetic and gravity data, the industry’s largest global database of digital well logs and regional interpretive products. TGS also provides high-end depth imaging services to help resolve complex seismic imaging problems.

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Source: TGS, October 17 , 2011