TGS announces agreement to acquire new 3D P-Cable data in Norwegian Barents Sea
April 21 2015 - 1:50AM
ASKER, NORWAY (21 April 2015) - TGS announces that
it has signed an agreement with Thalassa Holdings Ltd/WGP to
acquire P-Cable 3D seismic data in the Norwegian Barents Sea.
The activity is expected to last for 90 days and will commence in
April 2015.
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)
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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