TGS Expands 2D Multi-client Seismic Data Library in Northwest Europe with Three Surveys
(Thomson Reuters ONE) -
ASKER, NORWAY (18 May 2011) - TGS commences the 2011 summer season with three
2D surveys in cooperation with Fugro; North Sea Renaissance 2011(NSR11), Mid-
Norway Regional 2011 (MNR11) and Norwegian Barents Sea 2011 (NBR11). The data
to be collected includes approximately 10,000 km for NSR11 which is a regional
infill West of Shetland utilizing the M/V Bergen Surveyor, approximately 10,000
km for MNR 11 which is a regional infill in the Norwegian Sea utilizing the M/V
Akademik Shatskiy and approximately 10,000 km for NBR11 which is a regional
infill in the Barents Sea utilizing the M/V Akademik Lazarev.
The above mentioned projects will enable TGS to continue building on the
successful regional long offset grid in NW Europe. Upon completion of the 2011
acquisition season, the long offset grid will total approximately 285,000 km.
The new long offset projects together with the previous year's programs will be
important for companies in the early exploration phase as well as for license
round preparation in both Norway and the UK.
The data will be jointly processed by TGS and Fugro and time and depth products
will begin to be delivered later this year. Completion of all three projects is
scheduled for the end of Q1 2012.
These projects are 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#1516709]
Unternehmensinformation / Kurzprofil:
Datum: 18.05.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 54763
Anzahl Zeichen: 4180
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Expands 2D Multi-client Seismic Data Library in Northwest Europe with Three Surveys"
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