TGS Announces its First Multi-client 3D Survey in Indonesia
(Thomson Reuters ONE) -
PERTH, AUSTRALIA (22 December 2010) - TGS will commence a new multi-client 3D
survey in the Tarakan Basin, offshore East Kalimantan, Indonesia in the Celebes
Sea. The survey, TBN10, is the first ever multi-client 3D survey for TGS in
Indonesia waters and will cover in excess of 1,600 km(2). The data will be
acquired by the M/V Seisquest and will commence before the end of this year,
with acquisition expected to complete in Q1 2011.
The TBN10 survey will be conducted over the highly prospective and extensive
play fairway which includes a recent gas discovery. The new 3D seismic will
provide improved stratigraphic and structural resolution of the Tarakan sub-
basin, leading to a better understanding of its petroleum system and a much
clearer definition of the numerous leads and prospects already identified on
existing 2D seismic in the area.
"TGS is particularly excited to announce this new 3D program, stated CEO Robert
Hobbs. The company has built significant experience in this region through our
long-term investment in data that informs our customers about the potential of
this frontier region. This 3D project confirms the further maturation of this
important hydrocarbon province."
The TBN10 multi-client 3D survey is supported by industry funding and also
supports the Indonesia government's overall objective to attract exploration and
raise declining production levels.
Company summary
TGS-NOPEC Geophysical Company (TGS) provides global geoscience data products and
services to the oil and gas industry for the exploration and delineation of
hydrocarbon reserves. We design and acquire multi-client data projects
worldwide that make up our data library of seismic, gravity/magnetic and well
data, enhanced by our seismic imaging technology and regional interpretation
expertise. Visit TGS online at www.tgsnopec.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).
For additional information about this news release please contact:
Kristian Johansen
Chief Financial Officer
Office: +47 667 69931
Cell: +47 47 60 33 34
Email:kristian.johansen(at)tgsnopec.com
Karen El-Tawil
VP, Business Development
Office: +1 713 860 2102
Cell: +1 713 806 2420
Email:karen.el-tawil(at)tgsnopec.com
Rod Starr
Managing Director - Asia Pacific
Office: +61 8 9480 0000
Cell: +61 400 448 466
Email:rod.starr(at)tgsnopec.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1474909]
Unternehmensinformation / Kurzprofil:
Datum: 22.12.2010 - 07:50 Uhr
Sprache: Deutsch
News-ID 49977
Anzahl Zeichen: 4289
contact information:
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Kategorie:
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