Varie
TGS announces Gigante 2D offshore Mexico
HOUSTON (18 May 2015) - TGS announces Gigante, a 181,500 km regional 2D seismic survey in the Gulf of Mexico.
TGS is pleased to confirm that it has received a seismic permit from Mexico's Comisión Nacional de Hidrocarburos (CNH) authorizing the acquisition of a 181,500 km regional 2D seismic survey. In addition TGS has received environmental and social resolutions.
This survey will utilize four Seabird vessels to acquire an extensive regional grid of 2D multi-client seismic with 12,000 km offsets. Gigante will cover the vast offshore sector of Mexico, including world class producing trends such as the Perdido fold belt and Campeche Bay, and line ties will be made in to the US Gulf of Mexico regional grids previously acquired by TGS.
TGS will commence acquisition in Q2 2015. Data processing will be performed by TGS with initial fast-track data available in Q3 2015. Gigante will also include gravity and magnetic data with a regional seismic structural interpretation.
"This survey will provide the industry with unprecedented continuous coverage across the rift basin, enhancing regional context and understanding of depositional systems and prospective regions. The grid ties known petroleum systems as well as vast underexplored areas of the basin as a springboard for new exploration. TGS is pleased to be a part of history as Mexico opens its oil and gas industry to international investments," commented Robert Hobbs, CEO for TGS.
The survey is supported by industry funding.
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
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)
Copyright GlobeNewswire
Attachment(s)
http://hugin.info/86869/R/1921937/688873.pdf
Regulatory News
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: %s via Globenewswire