TGS said Jan. 19 that its first new multiclient acquisition project in 2017 will be a 3-D survey of AM17 Atlantic Margin in the Norwegian Sea.

AM17 is a 40,000 square-kilometer project in the central-southern Norwegian Sea, and the single largest 3-D survey done by any company in Northern Europe, covering open blocks in an underexplored area with limited drilling to date.

Play models include rotated Jurassic and Cretaceous fault blocks and stratigraphic and structural traps in Paleocene and Cretaceous turbidite/fan deposits.

Acquisition will likely begin in May 2017 and will continue over multiple seasons. TGS will use its Clari-Fi broadband technology and advanced denoise and demultiple techniques for data processing.

This survey is supported by industry funding, TGS said.

In a separate press release on Jan. 20 from EMGS, it was reported that EMGS and TGS will expand their Barents Sea cooperation agreement, with TGS investing in a 3-D CSEM data acquisition project related to the 24th licensing round in Norway.

TGS’ contribution will be booked as a reduction of the carrying value of EMGS' multiclient library.

The above agreements total US$2 million, and will be recognized during first-quarter 2017, EMGS said.