TGS Announces Onshore Multi-Client 3D Seismic Survey in Oklahoma and Texas
HOUSTON, TX -- (Marketwired) -- 10/15/13 -- TGS announces a new 3D
multi-client onshore survey, Rush Creek, covering 161.5 mi2 in Roger
Mills County, Oklahoma and Hemphill County, Texas that will build on
an existing 62 mi2 3D survey recently purchased by TGS. Once the
volumes are merged, the Rush Creek survey will total 210 mi2 and
illuminate subsurface targets in the Granite Wash, Hogshooter,
Cleveland Sands, Atoka and Tonkawa geological trends.
Acquisition will begin late Q4 2013 utilizing a high channel count
vibroseis crew. Data processing will be performed by TGS and final
data will be available to clients Q2 2014.
This 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 integration solutions.
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
Senior VP Western Hemisphere
Tel: +1 713 860 2100
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