TGS announces a new multi-client project in the UK

02 August 2018OSE

ASKER, NORWAY (2 August 2018) - TGS announces West of Shetlands project.

Acquisition has commenced on the new Erlend Wild West multi-client 3D seismic project.  This survey will cover a minimum of 1,000 km2 in the UK West of Shetland region and ties into TGS' existing EW12 3D data.  TGS will harness its acquisition and broadband processing expertise in this region, using its Clari-Fi™ broadband technology to deliver high fidelity imaging of the subsurface.

"Erlend Wild West 3D will expand TGS' data coverage, including open acreage and existing discoveries, in the West of Shetlands region, where high potential prospects have been identified. This project will provide modern, high quality seismic data to an area that is highly relevant for exploration in the newly awarded acreage for the UK 30th Offshore Licensing Round", commented Kristian Johansen, CEO for TGS.

EWW2018



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.



Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73

Will Ashby
SVP Investor Relations, HR & Communication
Tel: +1 713 860 2184