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2014-05-08

TGS: TGS expands 3D multi-client electromagnetic coverage in the Barents Sea

ASKER, NORWAY (8 May 2014) - TGS and Electromagnetic Geoservices ASA (EMGS)
have agreed to further expand the Companies' previous cooperation agreement
in the Barents Sea. TGS will partner with EMGS to acquire electromagnetic
(EM) data over four additional blocks in the Hoop area of the Barents Sea to
bring its total joint ownership of multi-client EM data in this area to 21
blocks. In addition the Companies will jointly invest in EM data acquisition
over 14 new blocks in the southeastern Barents Sea.

The new 3D EM data will be acquired by the M/V Atlantic Guardian. Data will
be available to clients through both EMGS and TGS.

"TGS and EMGS are pleased to expand their cooperation in the Barents Sea
," commented Stein Ove Isaksen, Senior VP Eastern Hemisphere for TGS. "We
believe that high quality, integrated EM and seismic data will be very
valuable for oil companies participating in the 23rdNorwegian licensing
round.
"

The survey 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
Stein Ove Isaksen

Senior VP Eastern Hemisphere

Tel: +47 66 76 99 00
Email:SteinOve.Isaksen@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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