TGS Announces Participation in Monuments 3D Survey Offshore Australia

ASKER, NORWAY--(Marketwired - Jun 22, 2015) - TGS announces its participation in the 2,500 km² Monuments 3D survey. This survey is being acquired by Dolphin Geophysical in the North Carnarvon Basin, offshore Australia. Data processing will be performed by TGS using its proven proprietary broadband technology, Clari-Fi™.

"This survey extends TGS's current 3D data coverage in an important hydrocarbon-rich region and positions TGS well in relation to future expected exploration activity from our clients," commented Stein Ove Isaksen, Senior VP Eastern Hemisphere for TGS.

As part of this cooperation, TGS has entered into joint venture arrangements with Dolphin relating to future sales from Dolphin's planned 15,000 km² North Carnarvon 3D survey over the North West Shelf.

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".