TGS Expands 3D Multi-client Seismic Data Coverage in the Moray Firth
(Thomson Reuters ONE) -
ASKER, NORWAY (12 May 2011) - TGS commences the second season of multi-client
3D seismic acquisition in the Moray Firth, offshore United Kingdom. Â The
survey, MF11, will add over 2,500 km(2) of new 3D data to the previous project
area announced last June.
The M/V Oceanic Challenger will acquire the MF11 survey. Data collection is
scheduled to be complete by the end of Q3 2011. Data processing will be
performed by TGS and will include time processing and depth imaging
deliverables.
The survey area covers open and licensed acreage north and east of the
previously project, including coverage of the Halibut Horst trend and acreage
around the Kildare and Buchan Fields. Â Upon completion of this newest 3D multi-
client project, TGS will have a total of 4,700 km(2) of contiguous data in the
area. Data from the Moray Firth 2011 survey will be available for customers from
Q2 2012. The survey 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)
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#1514880]
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 54566
Anzahl Zeichen: 3761
contact information:
Town:
Asker
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 207 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TGS Expands 3D Multi-client Seismic Data Coverage in the Moray Firth"
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