PERTH, AUSTRALIA--(Marketwire - March 10, 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 (
Contact Information:
For additional information about this news release please contact:
Karen El-Tawil
VP, Business Development
Tel: +1 713 860 2100
Email:
