TGS Announces New Multi-client Surveys and Partnerships at its 2013 Capital Markets Day
(Thomson Reuters ONE) -
ASKER, NORWAY (23 May 2013) - TGS is hosting its 2013 Capital Markets Day today
in London, United Kingdom. The prepared program begins at 14:00 BST (GMT +1)
and will include presentations from the TGS Executive Management team.
Announcements will be made on three new surveys:
* Cheyenne 3D land survey covering 1,689 km(2) in Cheyenne and Kiowa Counties
in Colorado in an area that produces from horizons in both the Mississippian
and the Pennsylvanian petroleum systems. Acquisition of the survey is
expected to commence during Q3 2013 with final data available to industry
during Q2 2014.
* Francisco 3D is a 4,662 km(2) multi-client 3D survey that has commenced in
the Atwater Valley area of the central Gulf of Mexico. This is the first
3D survey in this frontier area of the Gulf of Mexico. TGS will perform
broadband processing on the survey using its proprietary Clari-Fi(TM
)technology.
* After 14 years, TGS returns to Denmark to acquire a 7,000 km multi-client
2D survey. TGS will perform broadband processing on the survey using its
proprietary Clari-Fi(TM )technology. Data will be available for the
industry prior to the Danish 7(th) round which is planned to be announced
inlate 2013.
All of the above mentioned surveys are supported by industry funding.
TGS will also announce three new partnerships:
* TGS has signed a three year agreement with BGP to jointly acquire, process
and market 2D and 3D multi-client seismic data offshore Madagascar and East
Africa. TGS will leverage respective strengths of the partnership to build
a strong portfolio of new multi-client projects in this highly prospective
region. The agreement includes an initial 2D multi-client 13,135 km seismic
survey in west Morondava, offshore Madagascar. The newly acquired data
will extend and infill the existing regional 2D multi-client data acquired
by TGS in 2001 and 2005.
* TGS has signed a cooperation agreement with EMGS to develop joint multi-
client projects in defined areas of NW Europe. With this agreement, TGS
obtains access to 2D/3D controlled source electromagnetic (CSEM) data to
design and acquire new 3D seismic projects, while EMGS will be given access
to TGS' 2D grid as the basis for planning new 3D CSEM projects.
* TGS has signed a letter of intent with Magseis establishing an exclusive
multi-client partnership using new Ocean Bottom Seismic technology. Joint
projects are currently being planned with promising customer feedback.
In addition TGS will announce its intention to implement a sponsored American
Depositary Receipt (ADR) program later in Q2 2013 subject to completion of the
U.S. Securities and Exchange Commission filing. TGS reaffirms its full year
2013 guidance.
To access TGS Capital Markets Day information, click on the links below:
TGS 2013 Capital Markets Day Webcast
TGS 2013 Capital Markets Day Presentation Slides
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil
and gas Exploration and Production companies worldwide. In addition to
extensive global geophysical and geological data libraries that include multi-
client seismic data, magnetic and gravity data, digital well logs, production
data and directional surveys, TGS also offers advanced processing and imaging
services, interpretation products, permanent reservoir monitoring and data
integration solutions.
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
Tel: +47 47 60 33 34
Email: kristian.johansen(at)tgs.com
Will Ashby
Director Investor Relations and M&A
Tel: +1 713 860 2184
Email: will.ashby(at)tgs.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
TGS CMD 2013 Presentation:
http://hugin.info/86869/R/1704004/563378.pdf
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#1704004]
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2013 - 07:51 Uhr
Sprache: Deutsch
News-ID 262818
Anzahl Zeichen: 6062
contact information:
Town:
Asker
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 161 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TGS Announces New Multi-client Surveys and Partnerships at its 2013 Capital Markets Day"
steht unter der journalistisch-redaktionellen Verantwortung von
TGS (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
