TGS Commences Two Multi-client 2D Surveys in Northwest Europe
(Thomson Reuters ONE) -
ASKER, NORWAY (21 May 2012) - TGS has commenced the Europe 2012 summer season
with two multi-client 2D surveys in cooperation with Fugro; North Sea
Renaissance 2012 (NSR12) and Norwegian Barents Sea 2012 (NBR12). The NSR12
survey is 8,200 km and is a regional infill West of Shetland. The NBR 12 survey
is 12,000 km and is a regional infill in the Barents Sea.
With these projects, TGS will continue to systematically build on the successful
regional long offset database in the United Kingdom West of Shetlands and the
Norwegian Barents Sea. Upon completion of the 2012 acquisition season, the long
offset grid will total more than 300,000 km. The new long offset projects
together with the previous year's programs will be important for companies in
the early exploration phase as well as for license round preparation in both
Norway and the UK.
The NSR12 survey is being acquired by the M/V Akademik Shatskyi and will be
processed by TGS. The NBR12 survey is being acquired by the M/V Osprey Explorer
and will be processed by both TGS and Fugro. Data will be available to clients
during Q1 2013.
These surveys are 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
Karen El-Tawil
VP, Business Development
Office: +1 713 860 2102
Cell: +1 713 806 2420
Email: karen.el-tawil(at)tgs.com
Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +1 713 860 2111
Email:SteinOve.Isaksen(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#1613396]
Unternehmensinformation / Kurzprofil:
Datum: 21.05.2012 - 07:50 Uhr
Sprache: Deutsch
News-ID 148323
Anzahl Zeichen: 4098
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Commences Two Multi-client 2D Surveys in Northwest Europe"
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