PGS, TGS Announce Joint Venture Multiclient Project In Barents Sea

PGS will start acquisition of a large 3-D GeoStreamer survey in the Barents Sea in partnership with TGS in late May 2018, PGS said May 29.

The project will cover about 6,100 sq km in an active APA area of the Hammerfest Basin and is due to be completed in September 2018. Fast-track data will be available in first-quarter 2019 with final data in the fourth quarter

This project is designed to improve the imaging of the known fields and discoveries and to allow identification and development of new targets in both mature and new plays. The survey area contains shallow targets on the basin flanks and platforms, with deeper exploration potential elsewhere in the basin.