Newfoundland and Labrador - Canada

PGS has been acquiring 2D and 3D MultiClient data in Newfoundland and Labrador since 2011, through a joint venture with TGS. Our data library currently comprises over 68 700 sq. km of MC3D data, 180 000 km of MC2D data, and a comprehensive set of geological products.

Eastern Canada is one of the most promising deepwater exploration areas in the world. In addition to the producing basins, there is also potential for exciting new discoveries and world-class oil production in some highly prospective under-explored basins. Frontier acreage is adjacent to recent 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.

East Canada with 2022 program
In 2022 coverage in the area will increase by a further 10 000 on the South Bank phase 2 extension