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TGS announces participation in Monuments 3D survey offshore Australia

22 June 2015OSE

ASKER, NORWAY (22 June 2015) - TGS announces its participation in the 2,500 km² Monuments 3D survey.  This survey is being acquired by Dolphin Geophysical in the North Carnarvon Basin, offshore Australia. Data processing will be performed by TGS using its proven proprietary broadband technology, Clari-FiTM.

"This survey extends TGS's current 3D data coverage in an important hydrocarbon-rich region and positions TGS well in relation to future expected exploration activity from our clients," commented Stein Ove Isaksen, Senior VP Eastern Hemisphere for TGS.

As part of this cooperation, TGS has entered into joint venture arrangements with Dolphin relating to future sales from Dolphin's planned 15,000 km2 North Carnarvon 3D survey over the North West Shelf.



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, 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.



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

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