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TGS commences multi-client 2D seismic surveys offshore Madagascar

07 November 2013OSE

ASKER, NORWAY (7 November 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.

     surveys-offshore-madagascar



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.

 

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 product 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".

 



Kristian Johansen
Chief Executive Officer
Tel: +1 832-667-4795

Will Ashby
Vice President HR & Communication
Tel: +1 713 860 2184

Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +47 66 76 99 00