TGS announces further expansion of North-West African Atlantic Margin 2D seismic survey
(Thomson Reuters ONE) -
ASKER, Norway, April 04, 2017 (GLOBE NEWSWIRE) -- TGS announces a further
expansion of its NWAAM multi-client library in the MSGBC Basin with plans to
acquire more than 11,000 km of long-offset broadband 2D seismic data together
with magnetic and gravity data, in Senegal and Gambia. This expansion is being
undertaken in cooperation with Petrosen in Senegal and the Ministry of Petroleum
and Energy in Gambia. The investment is being undertaken together with PGS and
GeoPartners. Acquisition of this further phase of NWAAM 2017 has commenced and
continues seamlessly from Phase 1. The NWAAM 2017 seismic survey has been
designed to infill, extend and complement the TGS NWAAM 2012 2D survey which
helped with recent commercial discoveries in the MSGBC basin. A 12 km deep-tow
streamer will enable the recording of high quality broadband 2D seismic data,
which will image the pre-rift, syn-rift and post-rift plays evident in this
basin.
"This further expansion of our NWAAM data library confirms TGS' continued
commitment to the leading frontier basin in Africa. We are excited to be part of
the ongoing exploration and upcoming development of this basin," commented
Kristian Johansen, CEO for TGS.
This survey is supported by industry funding and is being undertaken with the
seismic vessel, BGP Dong Fang Kan Tan 1.
A PDF accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/8055ea29-20a6-4093-acc6-
6d212f0bac2f
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 to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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: 04.04.2017 - 07:50 Uhr
Sprache: Deutsch
News-ID 534162
Anzahl Zeichen: 4318
contact information:
Town:
Houston
Kategorie:
Business News
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"TGS announces further expansion of North-West African Atlantic Margin 2D seismic survey"
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