TGS Announces a Fourth 3D Multi-client Seismic Survey Offshore Northwest Australia

TGS Announces a Fourth 3D Multi-client Seismic Survey Offshore Northwest Australia

ID: 175755

(firmenpresse) - PERTH, AUSTRALIA -- (Marketwire) -- 08/20/12 -- TGS announces a 3D multi-client seismic survey, Honeycombs, which covers 2,500 km2 over the Exmouth Plateau in the Northern Carnarvon Basin, offshore NW Australia. This survey is located over acreage with 50% relinquishment due in February 2013 and is adjacent to the previously announced in October 2011. Upon completion of this survey, the TGS portfolio of in this highly prospective area offshore Australia will exceed 17,000 km2.

The seismic data will be acquired by the M/V Ramform Sterling and is expected to begin in September 2012 with completion in Q4 2012.

The survey is supported by industry funding.



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 .



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:

Chief Financial Officer
Office: +47 66 76 99 00
Cell: +47 47 60 33 34
Email:

VP, Business Development
Office: +1 713 860 2102
Email:

Managing Director Asia Pacific
Tel: +61 (8) 9480 0000
Email:

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 20.08.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 175755
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PERTH, AUSTRALIA



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