TGS commences 8th season of long offset acquisition in cooperation with Fugro
ASKER, NORWAY (14 June 2010) - TGS announced another season of acquisition
offset data on the Norwegian Continental Shelf (NCS) in cooperation with Fugro.
The data to be collected (shown on the attached map) include approximately
15,000 km for the North Sea Renaissance (NSR) survey in Holland, Norway and UK,
approximately 10,000 km for the Mid-Norway Regional (MNR) survey in the
Norwegian Sea and approximately 15,000 km for the Norwegian Barents Sea Regional
(NBR) survey in the Barents Sea.
TGS will dedicate two vessels, Bergen Surveyor and Northern Genesis, during the
summer season to acquire the NSR project. The data acquired by these vessels
will be processed at TGS' imaging center in Bedford, England. Fugro will also
contribute two vessels, Geo Arctic and Akademik Lazarev, to acquire the MNR and
NBR data, respectively. Fugro will process the data acquired on those two
With the 2010 acquisition program, TGS' total long offset grid on the Norwegian
Continental Shelf (NCS) increases to approximately 260,000 km, constituting the
most important 2D seismic dataset for the oil industry in the NCS. Data from the
three surveys will be available for customers from Q4-2010.
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 & 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
For additional information about this news release please contact:
VP, Business Development
Office: +1 713 860 2102
Cell +1 713 806 2420
Kjell E. Trommestad
VP & General Director Europe
Office: + 47 66 76 99 61
Cell +47 91 77 29 92
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)