What’s new in exploration ///

Seismic majors TGS and CGG have released a spate of new and ongoing international projects in the last two months. These include an agreement between TGS and Electromagnetic Geoservices ASA (EMGS) to invest jointly in a 3D electromagnetic (EM) multi-client survey covering 11 blocks, or approximately 3,300 sq km, in the Hoop area of the Barents Sea. The 3D EM data are being acquired by the M/V Atlantic Guardian. Data will be available to clients through both EMGS and TGS. The survey is funded by the industry. Under the terms of the previously announced agreement, EMGS will be given access to TGS’ 2D seismic data for survey planning and integration, while TGS will obtain access to 3D EM data, to evaluate and plan subsequent multi-client work over the area.

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