TGS Announces Four New Multi-Client Surveys

TGS Announces Four New Multi-Client Surveys 
ASKER, NORWAY -- (Marketwired) -- 01/09/14 --  TGS announces four new
multi-client surveys; a 3D survey in offshore Northwest Australia,
two 2D surveys offshore Madagascar and a 3D survey onshore Alberta,
Canada. 
The Huzzas is a 2,100 km2 3D survey that will cover the Barrow
Sub-basin, offshore Northwest Australia. The data is being acquired
by the M/V Geo Caspian using CGG's BroadSeis(TM) and BroadSource(TM)
technologies. Preliminary data will be available to clients from Q3
2014. Upon completion of this survey, the total TGS portfolio of 3D
multi-client coverage offshore Australia will exceed 32,500 km2. 
The CSM-14 and AN-14 2D surveys cover 8,847 km offshore Madagascar.
CSM-14 is being acquired by the M/V Geo Arctic and AN-14 by the BGP
Challenger. Data processing will be performed by TGS using its
Clari-Fi(TM) broadband processing technology and final data will be
available to clients from Q4 2014. 
Washout Creek, a 65 km2 3D / 3C survey, will cover the West Pembina
area of Alberta, Canada. This high-density survey is designed to
assist in the evaluation and development of the Cretaceous (Cardium,
Manville), Jurassic (Nordegg/Rock Creek), Mississippian (Pekisko) and
the Devonian (Duvernay) plays. Data processing will be performed by
Arcis and final data will be available to clients from Q2 2014. 
All four surveys are supported by industry funding. 
In addition, TGS has signed a Letter of Award with Polarcus to
utilize their vessel, the Polarcus Naila. Contingent on execution of
final contractual documents, the charter will begin in April 2014 and
will last for a period of six months. 
Company summary
 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. 
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
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
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 
 
 
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