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2015-04-16

TGS: TGS announces joint venture agreement to acquire new Multi-Client 3D in Barents Sea

ASKER, NORWAY (16 April 2015) - TGS announces that it has signed a joint
venture agreement with Dolphin Geophysical (DOLP) to acquire 4,500 km2
3D multi-client seismic survey over the western part of the Hammerfest Basin
in the Barents Sea. The survey will provide industry with broadband data over
APA acreage not previously covered by modern MC 3D. Successful exploration of
remaining resources in this area could provide the key to commercial
production developments in this part of the Barents Sea.
The new survey is based and planned on TGS' and Dolphin's existing data and
G&G knowledge in this geographical area. The new project links the existing
Dolphin's Gotha 3D survey with TGS' Finnmark Platform 3D surveys and will
provide industry with seamless data coverage over large areas in the Western
Barents Sea.

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 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

COO/Interim CFO
Tel: +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)

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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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