TGS Signs Agreement with Dolphin for Joint 2D Multi-client Survey in Northwest Africa
(Thomson Reuters ONE) -
HOUSTON (23 June 2011) - TGS has signed an agreement with Dolphin Geophysical
Ltd. to jointly acquire, process and market multi-client 2D seismic data along
Northwest Africa. The survey will total 25,000 km of long offset seismic data
in the offshore areas of multiple countries. This program was designed based on
the partnership's extensive geologic knowledge of the area. Approximately
10,000 km of seismic data has been acquired to date using theM/V Artemis
Atlantic and the remaining acquisition will continue into the second half of
2011.
The data will improve the understanding of highly prospective areas along the
Northwest African Passive Margin and adds to TGS' existing and continuous multi-
client 2D seismic library along the African margin.
Data processing will be performed by TGS and certain data will be available to
clients beginning in late 2011, with the full program completed in 2012.
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
Senior VP - Africa, Middle East and Asia Pacific
Office: +1 713 860 2152
Email:rod.starr(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#1525459]
Unternehmensinformation / Kurzprofil:
Datum: 23.06.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 55799
Anzahl Zeichen: 3736
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Signs Agreement with Dolphin for Joint 2D Multi-client Survey in Northwest Africa"
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