TGS Announces Its First 3D Multi-client Seismic Survey Offshore Brazil
(Thomson Reuters ONE) -
HOUSTON (13 November 2013) - TGS, in partnership with Dolphin Geophysical, will
commence acquisition of a new 3D multi-client survey, Olho de Boi, covering
5,000 km(2 )offshore Brazil. The survey is designed to image pre-salt plays in
the hydrocarbon rich Campos Basin and is located northeast of the Pão de Açúcar
discovery in an area of similar structural and stratigraphic characteristics.
"The Olho de Boi survey will be TGS' first 3D survey in Brazil," stated Rod
Starr, Senior VP Western Hemisphere for TGS. "The Company has conducted
considerable geologic review and reprocessing of existing 2D data to ensure
strategic placement of the survey in a highly prospective area in the Campos
Basin. We expect this 3D survey will be of high interest to the industry for
future lease round activities."
The seismic data will be acquired by the M/V Sanco Swift. Data processing will
be performed by TGS using its proven proprietary broadband processing
technology, Clari-Fi(TM). Data will be available to clients in Q4 2014.
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
Rod Starr
Senior VP Western Hemisphere
Tel: +1 713 860 2100
Email: Rod.Starr(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#1742681]
Unternehmensinformation / Kurzprofil:
Datum: 13.11.2013 - 07:25 Uhr
Sprache: Deutsch
News-ID 315748
Anzahl Zeichen: 4065
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Announces Its First 3D Multi-client Seismic Survey Offshore Brazil"
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