Press Releases

TGS announces multi-client 3D survey in Benin

HOUSTON (9 December 2010) - TGS will commence a multi-client 3D survey Offshore Benin in blocks 5 and 6. This project covers roughly 4,000 km2 in the deep water area of Benin.   Data acquisition will commence in January 2011 and is expected to be completed in Q2 2011.  This project is the second in a series of surveys along the African Transform Margin, following the Gambia project announced on 5 October 2010.  Specialized data processing will be done at TGS' imaging center in Houston, TX.

The Benin multi-client 3D survey is supported by industry funding. 

About TGS

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

Sven Børre Larsen

Chief Financial Officer

Tel: +47 90 94 36 73

Ellen Munkvold

Ellen Munkvold

IR Coordinator

Tel: +47 97 76 26 25