TGS Commences Extensive 2D Reprocessing Project in Northern Makassar Strait, Indonesia
(Thomson Reuters ONE) -
PERTH, AUSTRALIA (31 March 2011) - TGS has commenced an extensive multi-phase
reprocessing program of 2D seismic data located in the Makassar Strait,
Indonesia. The first phase consists of 2,700 km of seismic data in the
Northern Mahakam Delta.
The original and reprocessed data support the exploration potential of the
deepwater area of the Mahakam Delta. Interpretation of the seismic data since
2001 has demonstrated potential hydrocarbon prospectivity in the basin,
resulting in the award of exploration acreage and the drilling of several
exploration wells. Partial relinquishments of the exploration blocks have also
recently created opportunities for new exploration in the area.
The data will be reprocessed with customized techniques to enhance imaging of
the main structures and reservoir targets in the basin. The reprocessed data is
intended to enhance definition of Direct Hydrocarbon Indicators (DHIs) and
Amplitude Versus Offset (AVO) anomalies associated with turbidite reservoirs
seen on the original 2D seismic data.
Data from this initial phase of reprocessing 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
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)
TGS Makassar Reprocessing Map:
http://hugin.info/86869/R/1501929/437138.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#1501929]
Unternehmensinformation / Kurzprofil:
Datum: 31.03.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 52987
Anzahl Zeichen: 4142
contact information:
Town:
Asker
Kategorie:
Business News
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