TGS : TGS Announces Two Multi-client 3D Seismic Surveys in Norwegian Barents Sea

 TGS : TGS Announces Two Multi-client 3D Seismic Surveys in Norwegian Barents
                                     Sea

ASKER, NORWAY (7 March 2013) - TGS will commence the Europe 2013 acquisition
season with two 3D multi-client surveys in the Norwegian Barents Sea; Finnmark
Platform 2013 (FP13) covering 3,500 km^2 and the Hoop to Fingerdjupet 2013
(HF13) covering 8,600 km^2. 

Both 3D seismic surveys cover areas of complex geology and are designed to
address specific customer imaging requirements. Data from both surveys will be
processed utilizing TGS' proven Clari-Fi^TM broadband processing technology.
The HF13 survey will also tie-in TGS' successful Hoop 3D in the east.

The FP 13 survey is scheduled to commence during March 2013 and will be
acquired by the M/V Geo Barents towing 8 streamers. The HF13 survey is
scheduled to commence in early Q2 2013 and will be acquired by the M/V Oceanic
Challenger with 12 streamers. Data processing for both surveys will be
performed by TGS and initial data will be available to clients during Q3 2013.

These surveys are supported by industry funding.

Company summary

TGS-NOPECGeophysical Company (TGS) provides multi-client geoscience data to
oil and gas Exploration and Production companies worldwide. In addition to
extensive global geophysical and geological data libraries that include
multi-client seismic data, magnetic and gravity data, digital well logs,
production data and directional surveys, TGS also offers advanced processing
and imaging services, interpretation products, permanent reservoir monitoring
and data integration solutions.

For more information visitTGS online atwww.tgs.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
Tel: +47 47 60 33 34
Email: kristian.johansen@tgs.com

Will Ashby
Director Investor Relations and M&A
Tel: +1 713 860 2184
Email: will.ashby@tgs.com

Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +47 66 76 99 00
Email: SteinOve.Isaksen@tgs.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#1683533
 
Press spacebar to pause and continue. Press esc to stop.