TGS Announces Expansion of 2D Multi-client Seismic Data in Eastern Indonesia
(Thomson Reuters ONE) -
HOUSTON (26 September 2011) - TGS has commenced a 2D multi-client seismic survey
in offshore Eastern Indonesia immediately north of the Sunrise-Troubadour gas
fields and to the west of the Abadi gas field. The 1,500 km survey, MHI11, will
infill a seismic survey previously acquired in 2007 and an extensive multibeam
data set in the area.
The previously acquired seismic data in the area has revealed a series of
undrilled fault blocks and horsts from the Permian up to the Base Tertiary
levels. This project will provide a final detailed grid of data and assist with
evaluating the Sahul Platform and Timor Trough area where data indicates an
active petroleum system.
TGS maintains the industry's largest multi-client data library in Indonesia.
Upon completion of the MHI11 survey, the library will include 120,000 km of 2D
seismic, 3,500 km(2) of 3D seismic, 400,000 km of multibeam bathymetric data and
1,200 core samples covering over one million km(2) of Indonesia's deep water
basins.
The seismic data is being acquired by the M/V Aquila Explorer. Data processing
will be performed by TGS and available to clients in Q4 2011.
The survey is supported by industry funding and also supports the Indonesian
Governments overall objective to attract exploration.
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data and
services to oil and gas Exploration and Production companies around the globe.
TGS' geophysical and geological data products include multi-client seismic
libraries, permanent reservoir monitoring, magnetic and gravity data, the
industry's largest global database of digital well logs and regional
interpretive products. TGS also provides high-end depth imaging services to help
resolve complex seismic imaging problems. For more information 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
Paul Young
Managing Director Asia Pacific
Office: +61 (8) 9480 0000
Email:paul.young(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#1549486]
Unternehmensinformation / Kurzprofil:
Datum: 26.09.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 69142
Anzahl Zeichen: 4270
contact information:
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Kategorie:
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"TGS Announces Expansion of 2D Multi-client Seismic Data in Eastern Indonesia"
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