TGS Commences Industry's First Multi-client 3D Survey in Erlend Basin, UK, West of Shetlands
(Thomson Reuters ONE) -
ASKER, NORWAY (10 May 2012) - TGS has commenced acquisition of a 3D multi-client
survey covering 3,210 km(2) in the Erlend Basin on the UK Continental Shelf,
West of Shetlands.
This is the first multi-client 3D survey in the Erlend Basin and builds on the
improved imaging shown by the reprocessed TGS North Sea Renaissance 2D data. The
survey covers open blocks which were offered in the UKCS 27(th) licensing round.
The new 3D data expands on TGS' Northern North Sea 3D survey making a total
contiguous volume exceeding 10,000 km(2).
TGS has chartered the M/V Polarcus Samur for the first phase of the acquisition.
The remaining acquisition will be completed during the 2012 season by the M/V
Polar Duchess, already on charter to TGS. Processed data will be available for
delivery and licensing in Q2 2013.
The survey is supported by industry funding.
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data and
services to oil and gas Exploration and Production companies around the globe.
TGS' geophysical and geological data products include multi-client seismic
libraries, permanent reservoir monitoring, magnetic and gravity data, the
industry's largest global database of digital well logs and regional
interpretive products. TGS also provides high-end depth imaging services to help
resolve complex seismic imaging problems. For more information visit TGS online
at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are based upon
assumptions as to future events that may not prove accurate. These factors
include TGS' reliance on a cyclical industry and principal customers, TGS'
ability to continue to expand markets for licensing of data, and TGS' ability to
acquire and process data products at costs commensurate with profitability.
Actual results may differ materially from those expected or projected in the
forward-looking statements. TGS undertakes no responsibility or obligation to
update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange
(OSLO:TGS).
For additional information about this press release please contact:
Kristian Johansen
Chief Financial Officer
Office: +47 66 76 99 00
Cell: +47 47 60 33 34
Email: kristian.johansen(at)tgs.com
Kjell Trommestad
VP, Project Development Europe/Russia, Africa/Middle East
Office: +47 66 76 99 00
Email: kjell.trommestad(at)tgs.com
Karen El-Tawil
VP, Business Development
Office: +1 713 860 2102
Email: karen.el-tawil(at)tgs.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: TGS via Thomson Reuters ONE
[HUG#1610751]
Unternehmensinformation / Kurzprofil:
Datum: 10.05.2012 - 07:50 Uhr
Sprache: Deutsch
News-ID 144878
Anzahl Zeichen: 3829
contact information:
Town:
Asker
Kategorie:
Business News
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