TGS announces new multi-client 3D program in Flemish Pass Basin
(Thomson Reuters ONE) -
ASKER, NORWAY (13 July 2015) - TGS announces a new multi-client 3D survey
offshore Eastern Canada with plans to acquire approximately 4,300 km² of seismic
data. This survey is conducted in partnership with PGS.
The Ramform Valiant, utilizing the PGS GeoStreamer® technology, will acquire
data in Flemish Pass Basin over the Exploration License (EL) 1135. Data will be
acquired during the summer season 2015 with final data available to clients in
Q3 2016.
This project will provide valuable data in this proven, oil-prone hydrocarbon
basin enabling exploration companies to image structural and stratigraphic
trends.
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#1935858]
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2015 - 07:51 Uhr
Sprache: Deutsch
News-ID 406177
Anzahl Zeichen: 3489
contact information:
Town:
Asker
Kategorie:
Business News
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