TGS Announces Second Expansion of 3D Multi-client Seismic Data Library in Sierra Leone
(Thomson Reuters ONE) -
HOUSTON (27 September 2011) - TGS has commenced the acquisition of a new multi-
client 3D seismic survey offshore Sierra Leone. This survey marks over ten
years of investment for TGS in the West African region and will add 1,038 km(2
)to the existing TGS data library. Upon completion, TGS will have over 6,200
km(2) of contiguous multi-client 3D data offshore Sierra Leone. The new 3D
seismic will provide important data for continued exploration on the Sierra
Leone segment of the West Africa Transform Margin, where recent discoveries have
established that a working hydrocarbon system exists.
The seismic data is being acquired by the M/V GeoCarribean and is scheduled to
complete during Q4 2011. Data processing will be performed by TGS and data will
be available to clients in Q1 2012.
The survey is supported by industry funding.
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
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
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