TGS Announces Major Offshore Faroe 2D Reprocessing
(Thomson Reuters ONE) -
ASKER, NORWAY (29 March 2011) - TGS announces that it will conduct extensive
reprocessing of over 13,550 km of 2D multi-client seismic data located in waters
off the Faroe Islands. This project, designated Offshore Faroe Reprocessing
2011, will extend to the UK/ Faroe border.
The data for the reprocessing has been made available by Faroese Earth and
Energy Directorate (Jardfeingi). TGS will apply advanced processing techniques
proven to have been successful in illuminating sub-basalt plays in the West of
Shetland region over the last two years.
Data from the project will be available for clients in Q3 2011. This project is
supported by industry funding.
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 press 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
Kjell E. Trommestad
Senior VP & General Director Europe
Tel: +47 66 76 99 61
Email:kjell.trommestad(at)tgsnopec.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
TGS Offshore Faroe 2D Reprocessing Map:
http://hugin.info/86869/R/1501083/436426.pdf
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#1501083]
Unternehmensinformation / Kurzprofil:
Datum: 29.03.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 52885
Anzahl Zeichen: 3632
contact information:
Town:
Asker
Kategorie:
Business News
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