Newfoundland and Labrador

PGS has been acquiring 2D and 3D MultiClient data offshore Canada since 2011, through a joint venture with TGS. Our data library currently comprises over 86 000 sq. km of MC3D data, 180 000 km of MC2D data, and a comprehensive set of geological products.

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This is one of the most promising deepwater exploration areas in the world. In addition to the producing basins, Eastern Canada also holds potential for exciting new discoveries and world-class oil production in some highly prospective basins. Frontier acreage is adjacent to discoveries in Bay du Nord, Mizzen, Harpoon, and existing fields such as Hibernia, White Rose, Terra Nova, and Hebron.

Access to new acreage, transparent fiscal terms, and a predictable land-sale policy make Eastern Canada an attractive region for oil and gas exploration.