TGS Commences 2D Multi-Client Seismic Survey Offshore Sierra Leone

Marketwired

ASKER, NORWAY--(Marketwire - Mar 19, 2013) - TGS has commenced acquisition of a 2D multi-client survey offshore Sierra Leone. The survey, SL13, will add 9,191 km of new 2D data to infill the existing 5,784 km of 2D data acquired in 2001. Upon completion of the SL13 survey, TGS will have approximately 15,000 km of contiguous 2D multi-client data and 6,268 km2 of 3D data offshore Sierra Leone.

The seismic data is being acquired by the M/V Geo Arctic. Data processing will be performed by TGS and will be available to clients in Q4 2013.

The survey is supported by industry funding.

Company summary

TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, permanent reservoir monitoring and data integration solutions.

For more information visit TGS online at www.tgs.com.

Forward-looking statements and contact information

All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO: TGS).

Contact:
For additional information about this press release please contact:

Kristian Johansen
Chief Financial Officer
Tel: +47 47 60 33 34
Email: kristian.johansen@tgs.com

Will Ashby
Director Investor Relations and M&A
Tel: +1 713 860 2184
Email: will.ashby@tgs.com

Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +47 66 76 99 00
Email: SteinOve.Isaksen@tgs.com

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