TGS announces Carlsen 3D multi-client project in Norway
(Thomson Reuters ONE) -
ASKER, Norway, March 13, 2017 (GLOBE NEWSWIRE) -- TGS announces new multi-client
acquisition project, Carlsen 3D in Barents Sea, Norway.
Carlsen 3D (CAR17 3D) is a 5,490 km2 multi-client survey in open acreage located
in the Southwest Barents Sea between the Tromsø and Sørvestnaget Basins. Multi-
level targets exist within Pre-Cretaceous, Cretaceous and Paleogene throughout
the area - leads include rotated fault blocks and sand injectites. Acquisition
is expected to commence in April 2017. Data processing will be performed by TGS
using its Clari-FiTM broadband technology to image the complex fault patterns in
this prospective area.
"Carlsen 3D will expand TGS' data coverage in the Barents Sea where we have a
strong track record of success. This project will provide modern, high quality
seismic data to an area that is expected to be of high interest in upcoming
licensing rounds," commented Kristian Johansen, CEO for TGS.
This survey is supported by industry funding.
More information on this survey is available here.
A PDF accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/ec9f92b6-0013-4ac9-9647-
feb88a0b5d30
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 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
Datum: 13.03.2017 - 06:50 Uhr
Sprache: Deutsch
News-ID 529663
Anzahl Zeichen: 3750
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"TGS announces Carlsen 3D multi-client project in Norway"
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