TGS Commences Multi-client 2D Survey in Northeast Greenland
(Thomson Reuters ONE) -
ASKER, NORWAY (19 August 2013) - TGS has commenced expansion of a 2D multi-
client survey in Northeast Greenland.
The survey, NEG13, will enable customers to prepare for the announced Greenland
Licensing Round in 2013/2014. Due to favorable ice conditions, TGS expects to
acquire 4,200 km of 2D multi-client seismic data. This new data will provide
companies with dense data coverage over the licensing area and will be a
significant addition to TGS' already robust data library in the area.
The seismic data is being acquired by the M/V Akademik Shatskiy supported by the
ice breaker M/V Viking Balder. A helicopter is being utilized for ice density
monitoring. Data processing will be performed by TGS and data will be available
to clients in Q1 2014.
The survey is supported by industry funding.
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).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter
market under the symbol "TGSGY".
For additional information about this press release please contact:
Kristian Johansen
Chief Financial Officer
Cell: +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
Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +47 66 76 99 00
Email: SteinOve.Isaksen(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#1723566]
Unternehmensinformation / Kurzprofil:
Datum: 19.08.2013 - 07:50 Uhr
Sprache: Deutsch
News-ID 288780
Anzahl Zeichen: 3804
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Commences Multi-client 2D Survey in Northeast Greenland"
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