TGS announces first multi-client 3D program in Newfoundland-Labrador
(Thomson Reuters ONE) -
ASKER, NORWAY (15 June 2015) - TGS announces a new multi-client 3D survey
offshore Eastern Canada, with plans to acquire approximately 6,000 sq. km of
seismic data. This survey is in partnership with PGS.
The survey will be acquired utilizing the PGS GeoStreamer® technology in two
areas; Eastern Newfoundland Orphan Basin and South Labrador. Data acquisition
will commence during the summer season 2015. Pre-processing of the initial
GeoStreamer signal will be performed by PGS following which TGS will perform
data processing with final data available to clients mid-2016.
"TGS is excited to announce its first 3D project in this region, building upon
our extensive knowledge derived from the multi-year 2D programs, acquired in
partnership with PGS. This project will provide valuable data to exploration
companies to further de-risk prospects in the Areas of Interest (AOIs)
previously released by Canada's Newfoundland and Labrador Offshore Petroleum
Board (C-NLOPB)," commented Katja Akentieva, Senior VP Western Hemisphere, TGS.
This project 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, 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
COO/Interim CFO
Cell: +47 47 60 33 34
Email: kristian.johansen(at)tgs.com
Will Ashby
Director Finance Western Hemisphere & Investor Relations
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)
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#1928296]
Unternehmensinformation / Kurzprofil:
Datum: 15.06.2015 - 07:50 Uhr
Sprache: Deutsch
News-ID 400251
Anzahl Zeichen: 3956
contact information:
Town:
Asker
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 126 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TGS announces first multi-client 3D program in Newfoundland-Labrador"
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).
