TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, announced, in partnership with PGS, the release of final 3D seismic data results offshore Newfoundland and Labrador, ahead of the C-NLOPB announcement of parcels and the forthcoming licensing round.

The fully merged and migrated Tablelands and North Tablelands 3D datasets cover approximately 12,500 square kilometers in the eastern part of Orphan Basin. The uplift in image quality provided by these datasets will enable E&P companies to fully evaluate this acreage ahead of the scheduled licensing round. The final full integrity data delineates key Cretaceous and Jurassic source rock intervals, with potential producing reservoirs from Lower Cretaceous to Lower Tertiary.

Tablelands and North Tablelands, together with the Long Range survey to the south, reveal the play fairways of the Orphan Basin, demonstrating the numerous horsts, grabens, and multiple prospective traps. All the necessary petroleum system elements in the Orphan Basin and discoveries to the east are identified on the broadband GeoStreamer data.

A quantitative interpretation of the final North Tablelands results will be available in April for participants in the round.

TGS, in partnership with PGS, have been acquiring 2D and 3D GeoStreamer multi-client data in Newfoundland and Labrador since 2011. The data outlines play fairways across offshore eastern Canada, including Labrador Sea, Orphan Basin, Flemish Pass Basin, Jeanne d’Arc Basins and the basins in Grand Banks. The partnership has an extensive seismic library offshore eastern Canada with comprehensive geological products.

About TGS

TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

About PGS

Petroleum Geo-Services ("PGS" or "the Company") is a focused Marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The Company's MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. The Company operates on a worldwide basis with headquarters in Oslo, Norway.