HOME PAGE SUBSCRIPTIONS, Print Editions, Newsletter PRODUCTS READ THE PETROLEUM NEWS ARCHIVE! ADVERTISING INFORMATION EVENTS PETROLEUM NEWS BAKKEN MINING NEWS

Providing coverage of Alaska and northern Canada's oil and gas industry
July 2009

Vol. 14, No. 30 Week of July 26, 2009

Our Arctic Neighbors: Greenland and Barents Sea data being collected

Geophysical company TGS is acquiring data off the coast of Greenland and in the Barents Sea this summer for clients interested in hydrocarbons. This is the tenth consecutive year of new data acquisition by TGS in Greenland, the company said in a release July 7. TGS will conduct a 2-D seismic survey over 9,600 kilometers (5,962 miles) off the west coast of Greenland in Baffin Bay. The program has been designed to assist in the evaluation of the Baffin Bay area prior to a major bid round recently announced by the Greenland authorities.

In the Barents Sea TGS is undertaking a multiclient 3-D survey using the vessel MV Geo Barents. The survey covers a 4,300-square-kilometer (1,660-square-mile) area over the Hoop Fault Complex, about halfway between the northern coast of Norway and the Svalbard archipelago. This will be the largest 3-D survey conducted by TGS on the Norwegian continental shelf, the company said in a release June 29.

“Interpretation work that TGS has completed utilizing its existing library suggests that favorable conditions are present for the occurrence of hydrocarbons in the project area,” said Kjell Trommestad, vice president and general director of Europe-Russia for TGS. “Participating oil companies will benefit from the efforts we put into the planning and design of this survey as they work towards the next major licensing rounds in Norway.”

—Sarah Hurst






Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.