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2014-04-30

TGS: TGS Announces Clari-Fi Reprocessing Project in Barents Sea Southeast

ASKER, NORWAY (30 April 2014) - TGS announces a 2D seismic reprocessing
project in the Barents Sea Southeast in preparation for the Norwegian
23rdlicensing round. The underlying data, acquired in 2011 and 2012, is
owned by the Norwegian Petroleum Directorate (NPD) and covers an area of more
than 18,000 km. TGS has been applying the latest Clari-FiTMTotus
processing solution to deliver seamless, fully de-ghosted broadband data. The
data will be available to holders of the original NPD data in Q3 2014.

"We are pleased to see continued strong demand from our customers for TGS'
broadband processing solutions. The Barents Sea Southeast has been nominated
for inclusion in the upcoming 23rdlicensing round and access to high quality
2D seismic data will be an important tool for oil companies interested in
this area
" stated Stein Ove Isaksen, Senior VP Eastern Hemisphere for TGS.

This project is supported by industry funding.

Company summary

TGS-NOPEC Geophysical Company (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, permanent reservoir monitoring
and data integration solutions.

For more information visit TGS online at
www.tgs.com
.

Forward-looking statements and contact information

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).

TGS sponsored American Depositary Shares trade on the U.S. over-the-counter
market under the symbol "TGSGY".

For additional information about this press release please contact:

Kristian Johansen
Chief Financial Officer
Cell: +47 47 60 33 34
Email:kristian.johansen@tgs.com

Will Ashby
Director Finance Western Hemisphere&Investor Relations
Tel: +1 713 860 2184
Email: will.ashby@tgs.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TGS via Globenewswire

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