TGS Continues Expansion of Indonesia 2D Program
(Thomson Reuters ONE) -
PERTH, AUSTRALIA (10 March, 2010) - TGS confirmed today the continuation of its
multi-client 2D seismic acquisition program in offshore Indonesia. An
additional 7,300 kilometers of 2D seismic data is now being acquired in three
areas along the Sundaland Margin; including offshore South Java, West Sumatra
and Northwest Sumatra, Indonesia.
These new seismic surveys complement TGS' existing data library. Upon the
completion of this latest program, the TGS Indonesia library will exceed
108,000 kilometers of 2D seismic; 400,000 kilometers of multi-beam bathymetric
data and 1,200 core samples covering over 1 million square kilometers of
Indonesia's deep-water basins. TGS has the largest geoscientific multi-client
data library in Indonesia and the only multi-client data across the entire
Sundaland Margin.
The project is supported by industry prefunding.
TGS-NOPEC Geophysical Company (TGS) provides global geoscience data products and
services to the oil and gas industry for the exploration and delineation of
hydrocarbon reserves. We design and acquire multi-client data projects
worldwide that make up our data library of seismic, gravity/magnetic and well
data, enhanced by our seismic imaging technology and regional interpretation
expertise. Visit TGS online at www.tgsnopec.com
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 products 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).
For additional information about this news release please contact:
Karen El-Tawil
VP, Business Development
Tel: +1 713 860 2100
Email:karen.el-tawil(at)tgsnopec.com
Arne Helland
Chief Financial Officer
Tel: +47 66 76 99 31/+47 91 88 78 29
Email:arne.helland(at)tgsnopec.no
Rod Starr
VP and GM Asia Pacific
Tel: +61 (08) 9480 0000
Email:rod.starr(at)tgsnopec.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1392322]
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Datum: 10.03.2010 - 01:51 Uhr
Sprache: Deutsch
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