TGS Expands Multi-Client Seismic Data Library in Europe with New Barents Sea PSDM Project
(Thomson Reuters ONE) -
ASKER, NORWAY (05 May 2010) TGS announced today that it has launched a 2,600
square kilometer 3D pre-stack depth migration (PSDM) project over the Hoop Fault
Complex, offshore Norway in the Barents Sea. This will be the first
multi-client project of its kind in the European region. The project will be
managed by the TGS processing center in Bedford, United Kingdom. Original data
was acquired by the M/V Geo Barents and M/V Geo Pacific during the summer of
2009.
Interpretation work previously done by TGS suggests there could be favorable
conditions for the occurrence of hydrocarbons in the project area. "PSDM
processing on this project will enhance the imaging of geology adjacent to and
below shallow faulting, solving one of the main geological challenges in the
area," said Kjell Trommestad, VP and General Director of Europe/Russia for TGS.
Final data will be available for the industry well before the application
deadline for the 21(st) licensing round in Norway. This project is supported by
industry funding.
TGS-NOPEC Geophysical Company (TGS) provides global geoscience data products and
services to the oil and gas industry for the exploration and delineation of
hydrocarbon reserves. We design and acquire multi-client data projects
worldwide that make up our data library of seismic, gravity/magnetic and well
data, enhanced by our seismic imaging technology and regional interpretation
expertise. Visit TGS online atwww.tgsnopec.com
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.
For additional information about this news release please contact:
Karen El-Tawil
VP, Business Development
Tel: +1 713 860 2100
Email:karen.el-tawil(at)tgsnopec.com
Kjell E. Trommestad
VP & General Director
Tel: +47 66 76 99 61
Email: KjellE.Trommestad(at)tgsnopec.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1411851]
Unternehmensinformation / Kurzprofil:
Datum: 05.05.2010 - 08:02 Uhr
Sprache: Deutsch
News-ID 20288
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contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Expands Multi-Client Seismic Data Library in Europe with New Barents Sea PSDM Project"
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