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TGS announces Declaration, a new multi-WAZ 3D project in the U.S. Gulf of Mexico
ASKER, NORWAY (09 October 2014) - TGS announces the expansion of its Constitution group of WAZ 3D projects with the commencement of the Declaration survey.
Declaration will cover 6,061 km (260 OCS blocks) in the Mississippi Canyon and Viosca Knoll protraction areas of the Central Gulf of Mexico and will be acquired orthogonal to TGS' underlying Justice WAZ 3D survey. With offsets to 16 km, this data will be acquired by CGG with a single pass vessel configuration derived from its StagSeis technology to better image deep structural elements and to improve subsalt and salt flank illumination, which will establish new data standards in the region.
Data will be processed as a stand-alone volume and will also be integrated with TGS' existing Justice data to provide orthogonal wide-azimuth (M-WAZ) coverage over the area. In keeping with TGS' mandate to provide technical leadership through its data offerings, the data will be processed using the latest TGS imaging technology including Clari-Fi and Orthorhombic migrations.
Rod Starr, SVP Western Hemisphere for TGS commented that,
Acquisition will commence in October 2014 utilizing five vessels from the CGG fleet. Preliminary data will be available to the industry at the beginning of 2015 ahead of OCS Lease Sale 235.
This project is supported by industry.
To view TGS' updated vessel and crew capacity schedule, please click here .
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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