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TGS announces joint venture agreement to acquire new Multi-Client 3D in Barents Sea
ASKER, NORWAY (16 April 2015) - TGS announces that it has signed a joint venture agreement with Dolphin Geophysical (DOLP) to acquire 4,500
km 3D multi-client seismic survey over the western part of the Hammerfest Basin in the Barents Sea. The survey will provide industry with broadband data over APA acreage not previously covered by modern MC 3D. Successful exploration of remaining resources in this area could provide the key to commercial production developments in this part of the Barents Sea.
The new survey is based and planned on TGS' and Dolphin's existing data and G&G knowledge in this geographical area. The new project links the existing Dolphin's Gotha 3D survey with TGS' Finnmark Platform 3D surveys and will provide industry with seamless data coverage over large areas in the Western Barents Sea.
www.tgs.com
For additional information about this press release please contact:
COO/Interim CFO
Tel: +47 47 60 33 34
Email: kristian.johansen@tgs.com
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)
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