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TGS Announces Two New Onshore 3D Seismic Surveys in Oklahoma
HOUSTON (15 October 2014) - TGS announces two new multi-client onshore 3D surveys, Blanchard and Loyal, located within the Anadarko Basin in Oklahoma.
Blanchard 3D spans approximately 433 square miles over Grady and McClain counties. The survey is designed to image complex faulting and subsurface targets over the Mississippian through Devonian intervals and lies in the core of the South Central Oklahoma Oil Play (SCOOP), which targets the prolific Woodford Shale and also covers the recently announced overlying Springer Shale interval. Recording will commence during Q1 2015 using two high channel count, wireless, vibroseis crews and will be completed by Q2 2015. Data will be processed by TGS' wholly-owned subsidiary, Arcis Seismic Solutions, with final data available to clients in Q4 2015.
In addition, TGS has entered into an agreement with an oil and gas company to participate in an onshore 3D seismic project in Oklahoma. Loyal 3D spans approximately 589 square miles over Kingfisher and Grady counties. This project is being acquired with a multi-component wireless recording system and is designed to image subsurface targets from the Late Mississippian through Ordovician. Loyal lies in the core of the oil window targeting the prolific Meramec, Cana Woodford, Woodford Shale, and Hunton intervals within the commonly referenced STACK play fairway. Recording of this project will be complete in Q4 2014. Data processing will also be performed by Arcis and the resulting data will be exclusively owned by TGS. Preliminary data will be available to clients by year-end 2014 with final data delivery in Q2 2015.
stated Rod Starr, Senior VP Western Hemisphere for TGS.
Both projects are supported by industry funding.
www.tgs.com
For additional information about this press release please contact:
Chief Financial Officer
Tel: +47 47 60 33 34
Email: kristian.johansen@tgs.com
Director Investor Relations and M&A
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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