TGS Commences Multi-Client 2D Survey in Northeast Greenland
ASKER, NORWAY -- (Marketwired) -- 08/19/13 -- TGS has commenced
expansion of a 2D multi-client survey in Northeast Greenland.
The survey, NEG13, will enable customers to prepare for the announced
Greenland Licensing Round in 2013/2014. Due to favorable ice
conditions, TGS expects to acquire 4,200 km of 2D multi-client
seismic data. This new data will provide companies with dense data
coverage over the licensing area and will be a significant addition
to TGS' already robust data library in the area.
The seismic data is being acquired by the M/V Akademik Shatskiy
supported by the ice breaker M/V Viking Balder. A helicopter is being
utilized for ice density monitoring. Data processing will be
performed by TGS and data will be available to clients in Q1 2014.
The survey is supported by industry funding.
TGS-NOPEC Geophysical 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
For more information visit TGS online at www.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
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock
Exchange (OSLO: TGS).
TGS sponsored American Depositary Shares trade on the U.S.
over-the-counter market under the symbol "TGSGY".
For additional information about this press release please contact:
Chief Financial Officer
Cell: +47 47 60 33 34
Director Investor Relations and M&A
Tel: +1 713 860 2184
Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +47 66 76 99 00
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