TGS Announces New Multi-client 3D-3C Program in the Duvernay
(Thomson Reuters ONE) -
ASKER, NORWAY (7 October 2014) - TGS, through its wholly-owned subsidiary Arcis
Seismic Solutions, announces three new 3D-3C multi-client surveys covering 580
km(2). The surveys, collectively titled Kaybob-Bigstone 3D, are located in West
Central Alberta near Fox Creek and will expand TGS' existing coverage along the
Duvernay fairway.
The program is designed to assist in the evaluation and development of multiple
zones from the Cretaceous to Devonian, including emerging plays such as the
Duvernay and Montney, along with established producing zones including Swan
Hills, Gething, Notikewin and Dunvegan.
By using multi-component acquisition and including reservoir characterization
deliverables, this data will help to develop greater reservoir understanding and
will provide industry with new scientific information to support exploration
activities. Processing will be performed by Arcis Seismic Solutions with initial
data available to clients in Q2 2015.
This project is supported by industry funding.
To view TGS' updated vessel and crew capacity schedule, please click here.
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
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
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)
Vessel crew capacity secured 6 October 2014:
http://hugin.info/86869/R/1861072/652468.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1861072]
Unternehmensinformation / Kurzprofil:
Datum: 07.10.2014 - 07:50 Uhr
Sprache: Deutsch
News-ID 342185
Anzahl Zeichen: 4206
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Announces New Multi-client 3D-3C Program in the Duvernay"
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