TGS: Announces new multi-client 3D program in Newfoundland-Labrador
(Thomson Reuters ONE) -
ASKER, NORWAY (25 May 2016) - TGS announces the expansion of its multi-client
library offshore Eastern Canada, with plans to acquire approximately 2,000 km²
of 3D seismic data, in partnership with PGS. The survey will be acquired
utilizing the PGS GeoStreamer® technology. Data acquisition will commence during
the summer season 2016. Pre-processing of the initial GeoStreamer signal will be
performed by PGS following which TGS will perform data processing with final
data available to client in Q3 2017.
This new data will strengthen the existing portfolio of 3D datasets. Currently
the library consist of over 112,000 km of modern 2D data and 9,172 km² of 3D
data, owned jointly with PGS, in addition to 83,700 km of TGS vintage data. A
map of the survey can be found here.
"We are building upon our extensive knowledge derived from previous 3Ds and the
multi-year 2D programs acquired in partnership with PGS. This project will
provide valuable data to exploration companies to further de-risk their
prospects," commented Kristian Johansen, CEO, 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 principle 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:
Sven Borre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen(at)tgs.com
Will Ashby
VP of HR & Communications
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#2015218]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="Ucore Separates Scandium at 99%+ Recovery via SuperLig®-One Pilot PlantDatum: 25.05.2016 - 07:50 Uhr
Sprache: Deutsch
News-ID 473392
Anzahl Zeichen: 3924
contact information:
Town:
Asker
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 322 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TGS: Announces new 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).
