TGS and Schlumberger Announce New Dual Coil Shooting Full-Azimuth Multiclient Acquisition in U.S. Gulf of Mexico
(Thomson Reuters ONE) -
ASKER, NORWAY (4 August 2016) - TGS and Schlumberger today announce commencement
of the Dual Coil Shooting* multivessel full-azimuth acquisition Revolution XII
and XIII surveys in the U.S. Gulf of Mexico. The surveys will cover
approximately 7,150 km2 (306 blocks) in the Green Canyon, Atwater Valley and
Ewing Bank protraction areas of the Central Gulf of Mexico.
The Revolution Xll and XIII surveys will be acquired using the Schlumberger
WesternGeco Q-Marine* point-receiver marine seismic system combined with the
proprietary multivessel, Dual Coil Shooting acquisition technique, which will
provide broadband, long-offset, full-azimuth data. This combination of leading-
edge technology and technique will improve illumination and imaging of the sub-
salt and other complex geologic features in this highly active region.
Acquisition is expected to complete in late Q1 2017 with final processed data
available in early 2018.
"TGS is excited to return to the U.S. Gulf of Mexico to continue its successful
collaboration with WesternGeco. Together we have a strong track record of
success in developing and delivering projects in this prolific part of the
Central Gulf of Mexico. Our cooperation started in 2008 with acquisition of the
Freedom WAZ survey and was followed later by the Liberty WAZ and Patriot M-WAZ
surveys. The Revolution XII and XIII surveys benefit from the latest advances in
seismic technology and will provide the E&P industry with critical information
to support exploration and drilling activity in a region that is expected to
remain a priority for our customers," commented Kristian Johansen, CEO, TGS.
These new Revolution Dual Coil Shooting full-azimuth surveys will record offsets
of more than 14 km for imaging below the salt in the deepwater Gulf of Mexico.
In this latest generation of Revolution surveys, autonomous marine vehicles
(AMV) are being deployed. These AMVs will simultaneously acquire ultra-long
offsets of more than 20 km, which benefit full waveform inversion in the
accurate velocity model building over such complex subsalt areas.
"With these new techniques, we expect to see further improvements in sub-salt
imaging and amplitude fidelity for reservoir characterization providing value
for our customers," commented Maurice Nessim, President, WesternGeco.
This project is supported by industry funding.
About the Companies
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.
Schlumberger is the world's leading provider of technology for reservoir
characterization, drilling, production, and processing to the oil and gas
industry. Working in more than 85 countries and employing approximately 100,000
people who represent over 140 nationalities, Schlumberger supplies the
industry's most comprehensive range of products and services, from exploration
through production, and integrated pore-to-pipeline solutions that optimize
hydrocarbon recovery to deliver reservoir performance.
Schlumberger Limited has principal offices in Paris, Houston, London and The
Hague, and reported revenues of $35.47 billion in 2015. For more information,
visit www.slb.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".
*Mark of Schlumberger
For additional information about this press release please contact:
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen(at)tgs.com
Will Ashby
VP Human Resources & Communication
Tel: +1 713 860 2184
Email: will.ashby(at)tgs.com
Susan Ganz
Public Relations Manager-Western Hemisphere
Tel: + 1 713 939 2997
Email: sganz1(at)slb.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#2033057]
Unternehmensinformation / Kurzprofil:
Datum: 04.08.2016 - 06:59 Uhr
Sprache: Deutsch
News-ID 487219
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contact information:
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Kategorie:
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