Press Releases

TGS Expands 3D Multi-client Seismic Data Coverage in the Moray Firth

ASKER, NORWAY (12 May 2011) - TGS commences the second season of multi-client 3D seismic acquisition in the Moray Firth, offshore United Kingdom.   The survey, MF11, will add over 2,500 km of new 3D data to the previous project area announced last June.
The M/V Oceanic Challenger will acquire the MF11 survey. Data collection is scheduled to be complete by the end of Q3 2011. Data processing will be performed by TGS and will include time processing and depth imaging deliverables. 

The survey area covers open and licensed acreage north and east of the previous project, including coverage of the Halibut Horst trend and acreage around the Kildare and Buchan Fields.  Upon completion of this newest 3D multi-client project, TGS will have a total of 4,700 km2 of contiguous data in the area. Data from the Moray Firth 2011 survey will be available for customers from Q2 2012. The 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