ASKER, NORWAY--(Marketwire - January 6, 2010) - Seismic acquisition has now been initiated on
the Justice Wide Azimuth (WAZ) 3D project in the Gulf of
Mexico. The Justice project is a northeast expansion of the existing
and contiguous Freedom and Liberty WAZ projects. The survey adds more than
7,800 km^2 of WAZ coverage to the TGS portfolio and covers portions of the
hydrocarbon rich areas of Mississippi Canyon, Viosca Knoll, and De Soto
Canyon.
Acquisition will continue throughout the first half of 2010 and upon
completion of Justice, TGS will have more than 27,000 km^2 of WAZ 3D in its
data library. These wide azimuth projects provide the industry with modern
seismic imaging covering the most productive oil producing area of the
deepwater Gulf of Mexico.
TGS-NOPEC Geophysical Company (TGS) provides global geoscience data
products and services to the oil and gas industry for the exploration and
delineation of hydrocarbon reserves. We design and acquire multi-client
data projects worldwide that make up our data library of seismic,
gravity/magnetic and well data, enhanced by our seismic imaging technology
and regional interpretation expertise. Visit TGS online at
www.tgsnopec.com.
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).
Contact Information: For additional information about this news release please contact:
Karen El-Tawil
VP, Business Development
Tel: +1 713 860 2102
Email:
Stein Ove Isaksen
VP, North and South America
Tel: +1 713 860 2111
Email:
Arne Helland
Chief Financial Officer
Tel: +47 66 76 99 31/+47 91 88 78 29
Email: