TGS starts Atlantic Margin 20 seismic shoot
- Business developments & projects
TGS has started the acquisition of Atlantic Margin 20 (AM20) 3D multi-client seismic project offshore north-west Europe.
The AM20 survey covers the latest APA19 awards in the Norwegian Sea and extends west into open acreage. This data will provide E&P companies with an interest in the ongoing awards rounds with a greater level of geological insight, leading to improved risk mitigation.
The survey represents the extension of the Atlantic Margin seismic programs acquired between 2017 and 2019.
The AM20 5,600-square kilometre survey will be acquired over a three-month period utilising the Polarcus Adira vessel.
TGS expects fast-track data to be available in Q4 2020, with final PSTM product delivery by Q3 2021 and final PSDM product delivery in April 2022.
Kristian Johansen, CEO at TGS, said: “The challenging market caused by a combination of COVID-19 and temporary over-supply of oil, points client interest to areas with regular licensing rounds, proven petroleum systems and existing infrastructure. With access to our latest AM20 data, companies will be able to confidently make their exploration decisions relating to the 2020 Norwegian Awards in Pre-defined Areas, thereby keeping activity levels up on the Norwegian Shelf.”
This project is supported by industry funding.