TGS Announces New Multi-Client 3D Survey West of Shetland
ASKER, NORWAY -- (Marketwired) -- 06/17/14 -- TGS has commenced
acquisition of a new 3D multi-client survey in the West of Shetland
The survey will cover 2,500km2 and will tie into TGS' existing 3D
library in the region, bringing the total volume of recent TGS 3D in
the area to more than 17,500 km2.
"TGS is pleased to announce the industry's first 3D data over the
Brendan Basin in UKCS Quad 219," commented Stein Ove Isaksen, Senior
VP Eastern Hemisphere for TGS. "This confirms our strong presence in
the West of Shetland region."
The broadband seismic data will be acquired by the M/V Polarcus Naila
towing 12 streamers at 6,000 m cable length. Data processing will be
performed by TGS using its proven proprietary broadband technology,
Clari-Fi(TM). Initial data will be available to clients in Q4 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 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
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
Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +47 66 76 99 00
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