ASKER, NORWAY (08 June 2011) - TGS has commenced the acquisition of a fourth 3D multi-client survey in partnership with PGS.
The survey covers 2,772 km2 in the North Viking Graben over an area which has proven to be a very successful petroleum province of the North Sea.
The data is being acquired by PGS` Atlantic Explorer utilizing GeoStreamer technology. This year`s acquisition campaign, combined with the data acquired in 2009-2010, will total over 7,500 km2 of 3D data in this promising region.
The survey is supported by industry funding.
TGS-NOPEC Geophysical Company (TGS) provides global geoscience data products and services to the oil and gas industry for the exploration and delineation of hydrocarbon reserves. We design and acquire multi-client data projects worldwide that make up our data library of seismic, gravity/magnetic and well data, enhanced by our seismic imaging technology and regional interpretation expertise. Visit TGS online at www.tgsnopec.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).
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Cell: +1 713 806 2420
Kjell E. Trommestad
Senior VP & General Director Europe
Tel: +47 66 76 99 61
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Source: TGS via Thomson Reuters ONE