TGS Commences High Density Multi-client 3D Data Acquisition for Moray Firth Survey
(Thomson Reuters ONE) -
ASKER, NORWAY (23 June 2010) - TGS announces the commencement of a 1650 km(2)
high density multi-client 3D seismic survey located in the outer part of Moray
Firth off the Northeast coast of Scotland.
The survey covers open as well as held acreage and is located in an area proven
to be particularly prolific for hydrocarbon exploration. This has been
confirmed by recent discoveries including Golden Eagle, Hobby, Pink and
Blackbird.
TGS has contracted the Polarcus Nadia vessel to acquire the Moray Firth 3D
survey. The Nadia will deploy 8 X 5000m of streamers for theacquisition and the
project is expected to complete in late Q3-2010. The data processing will be
done at TGS' imaging center in Bedford, England.
Data from the Moray Firth survey will be available for customers from Q1-2011.
The Moray Firth high density multi-client 3D survey is supported by industry
funding.
Company summary
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.
Forward looking statements & 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 news release please contact:
Karen El-Tawil
VP, Business Development
Office: +1 713 860 2102
Cell +1 713 806 2420
Email:karen.el-tawil(at)tgsnopec.com
Kjell E. Trommestad
VP & General Director, Europe
Tel: +47 66 76 99 61
Email:kjell.trommestad(at)tgsnopec.no
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1426273]
Moray Firth Survey Map: http://hugin.info/86869/R/1426273/374233.pdf
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(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.
All reproduction for further distribution is prohibited.
Source: TGS via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 23.06.2010 - 07:50 Uhr
Sprache: Deutsch
News-ID 22867
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contact information:
Town:
Asker
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