TGS Supports Liberia Bid Round 2014

ASKER, NORWAY--(Marketwired - Aug 7, 2014) - TGS, as the official data provider, is pleased to be supporting the Liberian Government and the National Oil Company of Liberia (NOCAL) through the international competitive bidding process for the latest Liberia Basin Bid Round. 

The round is open for three months from 5 August to 31 October 2014. It comprises four undrilled offshore petroleum exploration blocks over which TGS has comprehensive, high quality, data coverage constituting 2D in Blocks LB-6, LB-7 and 2D/3D in Blocks LB-16 and LB-17.

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".