SOURCE: TGS

TGS

October 07, 2014 08:41 ET

TGS Announces New Multi-Client 3D-3C Program in the Duvernay

ASKER, NORWAY--(Marketwired - Oct 7, 2014) - TGS, through its wholly-owned subsidiary Arcis Seismic Solutions, announces three new 3D-3C multi-client surveys covering 580 km2. The surveys, collectively titled Kaybob-Bigstone 3D, are located in West Central Alberta near Fox Creek and will expand TGS' existing coverage along the Duvernay fairway.

The program is designed to assist in the evaluation and development of multiple zones from the Cretaceous to Devonian, including emerging plays such as the Duvernay and Montney, along with established producing zones including Swan Hills, Gething, Notikewin and Dunvegan.

By using multi-component acquisition and including reservoir characterization deliverables, this data will help to develop greater reservoir understanding and will provide industry with new scientific information to support exploration activities. Processing will be performed by Arcis Seismic Solutions with initial data available to clients in Q2 2015.

This project is supported by industry funding.

To view TGS' updated vessel and crew capacity schedule, please click here.

Company summary 

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 integration solutions.

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 (OSLO: TGS).

TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY".

Contact Information

  • For additional information about this press release please contact:

    Kristian Johansen
    Chief Financial Officer
    Tel: +47 47 60 33 34
    Email: kristian.johansen@tgs.com

    Will Ashby
    Director Investor Relations and M&A
    Tel: +1 713 860 2184
    Email: will.ashby@tgs.com

    Rod Starr
    Senior VP Western Hemisphere
    Tel: +1 713 860 2100
    Email: Rod.Starr@tgs.com