TGS Expands Multi-client 3D Seismic Library Offshore Indonesia
(Thomson Reuters ONE) -
PERTH, AUSTRALIA (21 March 2011) - TGS announces a second multi-client 3D
seismic survey in the Tarakan Basin, offshore Northern Indonesia. The survey,
TBB11, will add over 1,820 km(2 )of new 3D data to the previous survey announced
in December 2010. The TBB11 survey will increase coverage in this area to
nearly 3,500 km(2). The data is being acquired by the M/V Seisquest, with
acquisition expected to complete in Q2 2011.
The TBB11 survey will be acquired over the southern part of the offshore Tarakan
sub-basin, in an underexplored and poor data region. The area forms part of the
extensive Tertiary age play fairway covered by the earlier TBN10 multi-client
3D seismic survey to the north. The new data will assist in improving the
understanding of the complex structural and stratigraphic setting of this
important oil and gas province and particularly in prospect delineation and well
planning.
The TBB11 multi-client 3D survey is supported by industry funding and also
supports the Indonesia government's overall objective to attract exploration and
raise 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
Tel: +61 (08) 9480 0000
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#1498296]
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 52591
Anzahl Zeichen: 3920
contact information:
Town:
Asker
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"TGS Expands Multi-client 3D Seismic Library Offshore Indonesia"
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