2013-01-16 07:53:15 -
ASKER, NORWAY (16 January 2013) - TGS has commenced acquisition of a 3D multi-
client survey, Sunfish, which covers up to 7,800 km(2) of highly prospective
acreage in the Harper Basin, offshore Liberia.
"This survey provides excellent data coverage for the source prone, syn-rift and
early post-rift sequences, in this highly prospective area offshore Liberia.
TGS has been active in acquiring data over the West Africa Transform margin for
the past decade and this survey demonstrates TGS' ongoing commitment to grow the
seismic data library in Africa," commented Stein Ove Isaksen, Senior VP Eastern
Hemisphere for TGS.
TGS is chartering the 12 streamer Polarcus Asima for this survey. The charter
will last for approximately six months. Data processing will be performed by
TGS and will be available to clients in Q4 2013, prior to
the Liberia 2013 Bid
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
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)
This announcement is distributed by Thomson Reuters on behalf of
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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