TGS : TGS Announces 3D Multi-client Onshore Survey in South Central Alberta, Canada CALGARY, CANADA (22 August 2013) - TGS, through its wholly-owned subsidiary Arcis Seismic Solutions, announces a new 3D multi-client onshore survey, Three Hills East, covering 150 km^2 (58 mi^2) in the south central plains of Alberta, Canada. The Three Hills East survey is designed to evaluate multiple zones from the Devonian (Nisku), the Mississippian (Banff and Pekisko), and the Cretaceous (Ellerslie and Ostracod) in the newly emerging Duvernay play. The survey's optimal acquisition parameters, enhanced imaging and rock property assessments will provide even greater assistance with the placement of horizontal wells in this highly prospective area. Permitting is underway and data acquisition is expected to commence in September 2013. The seismic data will be processed by Arcis and final data will be available to clients Q4 2013. The survey is 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 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 reason. 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: Kristian Johansen Chief Financial Officer Office: +47 667 69931 Cell: +47 47 60 33 34 Email: email@example.com Will Ashby Director Investor Relations and M&A Office: +1 713 860 2184 Email: firstname.lastname@example.org Rod Starr Senior VP Western Hemisphere Tel: +1 713 860 2100 Email: email@example.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#1724341
TGS : TGS Announces 3D Multi-client Onshore Survey in South Central Alberta, Canada
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