TGS Announces LIBERTY, a New 3D Wide Azimuth Survey in the Gulf of
Mexico
(Thomson Reuters ONE) - Asker, Norway (3 August, 2009) Following the success of the FreedomWide Azimuth (WAZ) survey, TGS-NOPEC Geophysical Company (TGS) ispleased to announce an extension to the Cooperation Agreement withWesternGeco. The companies will acquire a second multi-client WAZ 3Dsurvey, called Liberty, in the Green Canyon and Atwater Valley areasof the Gulf of Mexico.The Liberty WAZ multi-client 3D project covers approximately 3,000square kilometers and is adjacent to the 15,000 square kilometerFreedom WAZ 3D project where data acquisition will soon becompleted. Both surveys utilize the WesternGeco Q-Technology* andoffer onboard Wave Equation Migration in order to provide a quicklook data volume to participating clients. The final data volumeswill offer seamless Wide Azimuth 3D data coverage over more than18,000 square kilometers.Acquisition of the data, utilizing a 2X4 configuration (two streamervessels with source and two source vessels), will commence in Q3 of2009. TGS and WesternGeco will collaborate on the data processingand provide a wide range of final depth imaged products to clients.Sales and marketing of the Liberty WAZ 3D program will be coordinatedby TGS."We are pleased to expand our multi-client WAZ coverage in thishighly prolific region of Miocene and lower Tertiary hydrocarbonplays," stated Stein Ove Isaksen, VP of North and South America forTGS. "This contiguous coverage of high-end data will provideimproved imaging so critical to solving the complex subsurfacechallenges that our clients face."The Liberty WAZ 3D project is funded by clients.*Mark of WesternGecoTGS-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.comKaren El-TawilVP Business DevelopmentTel: +1 713 860 2102Email: karen.el-tawil(at)tgsnopec.comStein Ove IsaksenVP North and South AmericaTel: +1 713-860-2100Email: stein.ove.isaksen(at)tgsnopec.comArne HellandCFOTel: +47 91 88 78 29/+47 66 76 99 31Email: arne.helland(at)tgsnopec.noThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 03.08.2009 - 08:01 Uhr
Sprache: Deutsch
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