TGS Acquires Data Offshore Greenland for the Tenth Consecutive Year>

TGS Acquires Data Offshore Greenland for the Tenth Consecutive Year>

ID: 3286

TGS Acquires Data Offshore Greenland for the Tenth Consecutive Year

(Thomson Reuters ONE) - Asker, Norway (7 July, 2009) - TGS continues their long-termcommitment to resolve the geologic challenges and hydrocarbonpotential of offshore Greenland with the commencement of the 2009data acquisition season.This season marks the 10th consecutive year of new data acquisitionby TGS in Greenland. As in past years, the multifaceted acquisitioncampaign in 2009 will consist of seismic, aeromagnetic, and gravitydata.The first phase of data acquisition has already commenced and willresult in more than 41,000 kilometers of aeromagnetic and gravitydata being collected in the Ungava, Labrador region. This data willbe processed by TGS and available to participating companies late in2009.TGS will soon commence the acquisition of 9,600 kilometers of 2Dseismic data off the west coast of Greenland in the Baffin Bay. Thisnew survey will infill previous TGS 2D programs to provide acontinuous regional grid of data in the area. This seismic programhas been designed to assist in the evaluation of the Baffin Bay areaprior to a major bid round recently announced by the Greenlandauthorities close in the spring of 2010."TGS continues to strongly believe in the hydrocarbon potential ofGreenland." said Robert Hobbs, CEO of TGS. "Since 1999, ourcustomers have supported TGS' focused and multi-year approach toprovide the industry with the data necessary to evaluate thisattractive frontier environment."TGS owns the most complete and modern geoscientific data base inoffshore Greenland, and upon completion of the 2009 season, TGS'library will include approximately 90,000 kilometers of 2D seismicdata and 300,000 kilometers of aeromagnetic and gravity data in thisarea.The TGS 2009 Greenland campaign is supported by industry pre-funding.TGS-NOPEC Geophysical Company (TGS) is a principal resource forglobal geoscientific data products and services in the E&P industry.TGS specializes in the design, acquisition and processing ofmulti-client seismic surveys worldwide and delivers advanced highperformance seismic imaging and software solutions. The Company alsoprovides the world's largest online well-log database, well datamanagement services, multi-client interpretive products andsubsurface consulting services to industry. The suite of integratedexploration data products available from TGS is distinctive andunmatched. The Company philosophy is to create unique high-qualitydata collected in the right place at the right time.The information included herein contains certain forward-lookingstatements that address activities, events or developments that theCompany expects, projects, believes or anticipates will or may occurin the future. These statements are based on various assumptions madeby the Company, which are beyond its control and are subject tocertain additional risks and uncertainties as disclosed by theCompany in its Annual Report. As a result of these factors, actualevents may differ materially from those indicated in or implied bysuch forward-looking statements.TGS-NOPEC Geophysical Company ASA is listed on the Oslo StockExchange (OSLO:TGS).Visit TGS-NOPEC Geophysical Company online at www.tgsnopec.comKjell E. TrommestadVP and General Director EU/RUTel: +47 66 76 99 61Email: kjell.trommestad(at)tgsnopec.comKaren El-TawilVP Business DevelopmentTel: +1 713 860 2102Email: karen.el-tawil(at)tgsnopec.comArne HellandChief Financial OfficerTel: +47 66 76 99 31/+47 91 88 78 29Email: arne.helland(at)tgsnopec.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Bereitgestellt von Benutzer: hugin
Datum: 07.07.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 3286
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