TGS announces new Multibeam project in U.S. Gulf of Mexico
(Thomson Reuters ONE) -
ASKER, NORWAY (2 February 2017) TGS announces the Otos multibeam and seep study
project in the U.S Gulf of Mexico.
Acquisition of the multibeam survey is underway and is the first stage of a seep
and geochemistry program covering the U.S Gulf of Mexico. The survey is designed
to mirror the successful Gigante multibeam and seep study in the Mexican Gulf of
Mexico, conducted in 2016. The new program will cover approximately 289,000 km2
and include 250 cores with advanced geochemistry analysis. TGS will continue to
work with the same acquisition providers as in the Mexico program, Fugro
(Multibeam) and TDI Brooks (Coring and Geochemical analysis). Final results in
all areas should be available in late 2017.
"The Otos multibeam and seep study will provide new insight into the
distribution of different source rock geology throughout the U.S. Gulf of Mexico
and link this in a consistent fashion to the recent successful survey in Mexico.
This new project is in an area where TGS has a strong track record and a large
complimentary data library", commented Kristian Johansen, CEO of 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 Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen(at)tgs.com
Will Ashby
VP HR & Communication
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)
OTOS USGOM:
http://hugin.info/86869/R/2075412/780376.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TGS via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.02.2017 - 07:02 Uhr
Sprache: Deutsch
News-ID 521488
Anzahl Zeichen: 3946
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS announces new Multibeam project in U.S. Gulf of Mexico"
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