TGS Announces Expansion of Multi-client 3D Survey in the Northern North Sea
(Thomson Reuters ONE) -
ASKER, NORWAY (22 May 2012) - TGS has commenced acquisition of a 3D multi-client
survey covering 4,000 km(2) in the Northern North Sea near the southern Møre
Basin.
This survey, EOTW12, builds on the previously announced Erlend Basin multi-
client 3D survey and ties with TGS' existing multi-client 3D database in the
Northern North Sea (End of the World). Upon completion, EOTW12 will form part
of a 13,000 km(2) contiguous 3D volume in this region. The survey will de-risk
multiple play types spanning Cretaceous to Triassic age reservoirs and is
adjacent to a current exploration well targeting the Albert prospect.
The seismic data is being acquired by the M/V Polarcus Amani and M/V Polarcus
Adira and will be completed Q3 2012. Data processing will be performed by TGS
and be available to clients 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
Karen El-Tawil
VP, Business Development
Office: +1 713 860 2102
Email: karen.el-tawil(at)tgs.com
Kjell E. Trommestad
VP Project Development Europe/Russia, Africa/Middle East
Office: +47 66 76 99 00
Cell: +47 91 77 29 92
Email: kjell.trommestad(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#1613478]
Unternehmensinformation / Kurzprofil:
Datum: 22.05.2012 - 07:50 Uhr
Sprache: Deutsch
News-ID 148673
Anzahl Zeichen: 3836
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Announces Expansion of Multi-client 3D Survey in the Northern North Sea"
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