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.

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licences in the Eastern Newfoundland Region Call for Bids No. NL24-CFB01. Interested parties will have until midnight (24:00) Newfoundland time, 6 November 2024 to submit sealed bids for the parcels offered in this Call for Bids.

Data Library

PGS data coverage of highly prospective parcels in the Eastern and South Eastern Newfoundland bid round areas: Long Range 3D, Tablelands 3D, North Tablelands 3D, Northeastern Newfoundland 3D, Cape Anguille 3D, South Flemish Pass 3D, Harbour Deep 3D.