2013-03-07 07:52:06 -
ASKER, NORWAY (7 March 2013) - TGS will commence the Europe 2013 acquisition
season with two 3D multi-client surveys in the Norwegian Barents Sea; Finnmark
Platform 2013 (FP13) covering 3,500 km(2) and the Hoop to Fingerdjupet 2013
(HF13) covering 8,600 km(2).
Both 3D seismic surveys cover areas of complex geology and are designed to
address specific customer imaging requirements. Data from both surveys will be
processed utilizing TGS' proven Clari-Fi(TM) broadband processing technology.
The HF13 survey will also tie-in TGS' successful Hoop 3D in the east.
The FP 13 survey is scheduled to commence during March 2013 and will be acquired
by the M/V Geo Barents towing 8 streamers. The HF13 survey is scheduled to
commence in early Q2 2013 and will be acquired by the M/V Oceanic Challenger
streamers. Data processing for both surveys will be performed by TGS and
initial data will be available to clients during Q3 2013.
These surveys are 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 reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange
For additional information about this press release please contact:
Chief Financial Officer
Tel: +47 47 60 33 34
Director Investor Relations and M&A
Tel: +1 713 860 2184
Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +47 66 76 99 00
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: TGS via Thomson Reuters ONE