October 05, 2010 08:00 ET

TGS Announces Multi-Client 3D Survey in Gambia

HOUSTON, TX--(Marketwire - October 5, 2010) -  TGS announced its first multi-client 3D survey, Offshore Gambia.

This project covers 2,500 km2 in the deep water area of Gambia. TGS has chartered the M/V Geo-Caribbean as previously mentioned in a press release on 12 July 2010, to acquire the data. This project is the first of a series of surveys in the African Transform Margin. The Geo-Caribbean is a modern 3D vessel that will tow twelve (12) long offset streamers on this project. Specialized data processing will be done at TGS' imaging center in Houston, TX.

The Gambia multi-client 3D survey is supported by industry funding.

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

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:

Contact Information

  • Kristian Johansen
    Chief Financial Officer
    Office: +47 667 69931
    Cell: +47 47 60 33 34
    Email: Email Contact

    Karen El-Tawil
    VP, Business Development
    Office: +1 713 860 2102
    Cell: +1 713 806 2420
    Email: Email Contact

    Kim Abdallah
    VP New Ventures
    Office: +1 713 860 2120
    Cell: +1 281 782 6805
    Email: Email Contact