TGS Announces New Multi-client 3D Survey in the North Viking Graben
ASKER, NORWAY (7 July 2010) - TGS has commenced a new multi-client 3D survey in
partnership with PGS.
This project, NVG10, covers a 3,500 km(2) area in the North Viking Graben area
of the Norwegian North Sea. The project is being acquired by the PGS Atlantic
Explorer and utilizes PGS' GeoStreamer® Technology. "Substantial customer
interest has encouraged a second consecutive year of data collection in this
area, allowing TGS and PGS to continue building on the successful North Viking
Graben multi-client 3D project acquired in 2009 with PGS," stated Kjell
Trommestad, VP and General Director, Europe for TGS.
The NVG10 multi-client 3D survey is supported by industry funding and data from
the survey will be available for customers from Q2-2011.
Company summary
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).
For additional information about this news release please contact:
Karen El-Tawil
VP, Business Development
Office: +1 713 860 2102
Cell +1 713 806 2420
Email:karen.el-tawil@tgsnopec.com
Kjell E. Trommestad
VP & General Director, Europe
Tel: +47 66 76 99 61
Email:kjell.trommestad@tgsnopec.no
Kristian Johansen
Chief Financial Officer
Mobile: +47 47 60 33 34
Email:kristian.johansen@tgsnopec.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1429453]
NVG10 Map: http://hugin.info/86869/R/1429453/376874.pdf
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Source: TGS via Thomson Reuters ONE
