SOURCE: TGS

TGS

November 07, 2013 01:50 ET

TGS Commences Multi-Client 2D Seismic Surveys Offshore Madagascar

ASKER, NORWAY--(Marketwired - Nov 7, 2013) - TGS, in partnership with BGP, has commenced acquisition of 2D seismic, gravity and magnetic multi-client surveys offshore Madagascar utilizing the M/V Challenger. The surveys, MAJ-13 and MS-14, will add 7,025 km of new 2D seismic data to extend and infill the existing 33,315 km of 2D data acquired by TGS in the region.

Data processing will be performed by TGS using its proven Clari-Fi™ broadband processing technology. Final data will be available to clients from Q3 2014.

The surveys are supported by industry funding.

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

    Stein Ove Isaksen
    Senior VP Eastern Hemisphere
    Tel: +47 66 76 99 00
    Email: SteinOve.Isaksen@tgs.com