TGS Commences a Third Multi-client 3D Survey in Barents Sea in 2011
(Thomson Reuters ONE) -
ASKER, NORWAY (17 October 2011) - TGS has commenced acquisition of a 3D multi-
client survey covering 1,500 km(2) between the Finnmark Platform and Nordkapp
Basin in the Barents Sea. The 150 km long survey follows the bended strike
direction of the inverted margin between the two major structural elements in
the region.
"We believe the survey will be instrumental in reducing trap risk on the narrow
structural trend stretching east to the border of the previously disputed zone
between Norway and Russia," commented Kjell Trommestad, Senior Vice President
and General Director of Europe and Russia for TGS.
The new seismic data is being acquired by the M/V Polar Duke. The data will be
processed by TGS and available to clients by Q2 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
Kjell E. Trommestad
Senior VP Europe & Russia
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#1555099]
Unternehmensinformation / Kurzprofil:
Datum: 17.10.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 76526
Anzahl Zeichen: 3749
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Commences a Third Multi-client 3D Survey in Barents Sea in 2011"
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