TGS-Nopec Geophysical Co. has announced the details of its 2003 non-exclusive seismic acquisition projects for offshore West Greenland.
The 2003 West Greenland programs, scheduled to begin in August, will supplement the company's existing 2D seismic coverage over key blocks included in the 2004 licensing round. The program will add 7,000 km to existing seismic surveys, including 3,500 km of additional data directly over the leasing round acreage. This season's acquisition will complement the company's existing 25,000 km of 2D data in the area. Oil industry pre-funding has been secured for the new programs.
"West Greenland has one of the largest unexplored offshore areas in the world. Acquiring additional high-end 2D seismic data is necessary to form a more complete picture of the hydrocarbon potential of the regions off the West Greenland coast," said Jens Christian Olsen, sales manager for West Greenland.
The Greenland Bureau of Minerals and Petroleum has scheduled the 2004 licensing round to open April 1, 2004. The closing date for applications is Oct. 1, 2004.
Licenses are to be granted in January 2005.