TGS Expands Regional 3D Coverage Offshore Liberia
(Thomson Reuters ONE) - Asker, Norway (19 October, 2009) - Today TGS-NOPEC GeophysicalCompany (TGS) confirmed the start up of its next phase of regionalmulti-client 3D seismic acquisition in offshore Liberia. The newtwo-thousand square kilometer 3D program expands the existing 9,000square kilometers of 3D coverage that TGS initiated in late 2008. Thelatest Liberia phase will be recorded with long offset acquisitionand will incorporate state of the art Prestack Time and PreStackDepth data processing.TGS expects preliminary data to be available in the third quarter of2010.Offshore Liberia has received significant interest in recent monthsdue to the excitement generated by new oil discoveries in both theGulf of Guinea and Sierra Leone."It is exciting to have data in a trend that has recently producedsignificant oil discoveries in Offshore Africa," commented KimAbdallah, TGS' VP of New Ventures in Africa and the Middle East."Our coverage of this emerging oil play will now be more than 14,000kilometers of multi-client 2D data and 11,000 square kilometers of 3Ddata." The program is heavily prefunded.TGS-NOPEC Geophysical Company (TGS) is a principal resource forglobal geoscientific data products and services in the E&P industry.TGS specializes in the design, acquisition and processing ofmulti-client seismic surveys worldwide and delivers advanced highperformance seismic imaging and software solutions. The Company alsoprovides the world's largest online well-log database, well datamanagement services, multi-client interpretive products andsubsurface consulting services to industry. The suite of integratedexploration data products available from TGS is distinctive andunmatched. The Company philosophy is to create unique high-qualitydata collected in the right place at the right time.All statements in this press release other than statements ofhistorical fact are forward-looking statements, which are subject toa number of risks, uncertainties and assumptions that are difficultto predict, and are based upon assumptions as to future events thatmay not prove accurate. These factors include TGS' reliance on acyclical industry and principal customers, TGS' ability to continueto expand markets for licensing of data, and TGS' ability to acquireand process data products at costs commensurate with profitability.Actual results may differ materially from those expected or projectedin the forward-looking statements. TGS undertakes no responsibilityor obligation to update or alter forward-looking statements for anyreason.TGS-NOPEC Geophysical Company ASA is listed on the Oslo StockExchange (OSLO:TGS).For additional information about this news release please contact:Karen El-TawilVP, Business DevelopmentTel: +1 713 860 2100Email: karen.el-tawil(at)tgsnopec.comArne HellandChief Financial OfficerTel: +47 66 76 99 31/+47 91 88 78 29Email: arne.helland(at)tgsnopec.noKim AbdallahVP New Ventures Africa Middle EastTel: +1 713 860 2120Email: kim.abdallah(at)tgsnopec.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 19.10.2009 - 07:50 Uhr
Sprache: Deutsch
News-ID 7032
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