TGS Announces Clari-Fi(TM) Reprocessing Project in Barents Sea Southeast
ASKER, NORWAY -- (Marketwired) -- 04/30/14 -- TGS announces a 2D
seismic reprocessing project in the Barents Sea Southeast in
preparation for the Norwegian 23rd licensing round. The underlying
data, acquired in 2011 and 2012, is owned by the Norwegian Petroleum
Directorate (NPD) and covers an area of more than 18,000 km. TGS has
been applying the latest Clari-Fi(TM) Totus processing solution to
deliver seamless, fully de-ghosted broadband data. The data will be
available to holders of the original NPD data in Q3 2014.
"We are pleased to see continued strong demand from our customers for
TGS' broadband processing solutions. The Barents Sea Southeast has
been nominated for inclusion in the upcoming 23rd licensing round and
access to high quality 2D seismic data will be an important tool for
oil companies interested in this area," stated Stein Ove Isaksen,
Senior VP Eastern Hemisphere for TGS.
This project 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 Finance Western Hemisphere & Investor Relations
Tel: +1 713 860 2184
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