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TGS Announces LOA for 2D Surveys over Mexico and US Atlantic
ASKER (20 November 2014) - TGS announces that it has signed a Letter of Award (LOA) with Seabird Exploration to acquire up to 300,000 km of 2D seismic data over Mexico and US Atlantic waters. The LOA provides TGS access to charter up to six seismic vessels over a period of approximately 36 months. This activity is expected to commence in 2015 subject to the issuance of seismic acquisition permits from the relevant authorities.
"TGS is pleased to have secured customer funding and access to seismic vessels for the regional 2D activity that is targeted for 2015," stated Rod Starr, Senior VP Western Hemisphere for TGS. "There is a high level of oil company interest in Mexico and US Atlantic and we believe that these will be important regions for future exploration".
This announcement is further to a Letter of Intent issued 1 April 2014 for Mexico which was announced 2 April 2014.
www.tgs.com
For additional information about this press release please contact:
Chief Financial Officer
Cell: +47 47 60 33 34
Email: kristian.johansen@tgs.com
Director of Finance Western Hemisphere & Investor Relations
Tel: +1 713 860 2184
Email : will.ashby@tgs.com
Senior VP Western Hemisphere
Tel: +1 713 860 2100
Email: Rod.Starr@tgs.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
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