Newfoundland and Labrador - Canada
PGS has been acquiring 2D and 3D MultiClient data in Newfoundland and Labrador since 2011, including 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.
This is one of the most promising deepwater exploration areas in the world. In addition to the producing basins of East Canada, there are also some highly prospective under-explored basins with potential for exciting new discoveries and world-class oil production. 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 East Canada an attractive region for oil and gas exploration.