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2014-04-24

TGS: TGS Announces Two New Projects in the Norwegian Barents Sea

ASKER, NORWAY (24 April 2014) - TGS commences new 2D and 3D multi-client
projects in the Norwegian Barents Sea. Both surveys will provide customers
with high quality data prior to the closing of the 23rdNorwegian Licensing
round.

The HFCE14 is a 3,100 km23D multi-client survey, extending TGS' existing
multi-year 3D Hoop coverage to more than 20,000 km2. The survey will be
acquired by the M/V GECO Eagle towing 10 streamers and will cover similar
Jurassic targets as the new Wisting light oil discovery.

NBR14 is an extension of TGS long offset 2D grid in the Barents Sea, adding
6,600 km to the existing data library. The survey will cover the Eastern
part of the Norwegian Barents Sea, including the newly opened area in the
former disputed Norway-Russia zone. M/S Academik Shatskiy will acquire the
data utilizing broadband technology.

Data processing will be performed by TGS using its Clari-FiTM broadband
processing technology and final data will be available to clients from Q4
2014.

The surveys are 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)

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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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