TGS Expands 3D Multi-client Seismic Data Library in the Barents Sea
(Thomson Reuters ONE) -
ASKER, NORWAY (24 May 2011) - TGS commences the acquisition of multi-client 3D
seismic data in the Hoop Fault Complex area of the Barents Sea. This survey is
an extension of the previously announced Hoop Fault Complex survey and will add
1,800 km(2) to the existing data in the area. Approximately 500 km(2) of the
survey are infill in the Northern area of the 2009 survey and the remaining
1,300 km(2 )are an extension to the east of the 2009 survey area. TGS is very
pleased with the historical client response to the coverage in this new
exploration province. Blocks have been awarded in the survey area during the
last two rounds and with the 2011 acquisition, TGS will be able to provide
extended coverage for future rounds.
The M/V Polar Duke towing 10 x 6,000 m streamers with 75 m separation
will acquire the 2011 survey. Data processing will be performed by TGS and will
be available to clients in Q4 2011. 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#1518093]
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 54920
Anzahl Zeichen: 3804
contact information:
Town:
Asker
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"TGS Expands 3D Multi-client Seismic Data Library in the Barents Sea"
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