12/10/2018 06:00:17

TGS and Schlumberger Announce New Multiclient Nodal Seismic Project in US Gulf of Mexico

Related content
16 Oct - 
TGS and Spectrum announce collaboration on expanded San..
08 Oct - 
Q3 2018 Revenue Update
05 Oct - 
In a split decision, Oslo district court concluded that..

ASKER, NORWAY (12 October 2018) - TGS and Schlumberger today announced a new multiclient nodal seismic project in the U.S. Gulf of Mexico.

The project, named "Amendment," will comprise acquisition of a 2,350-km2 multiclient seismic survey in the Mississippi Canyon and Atwater Valley protraction areas of the U.S. Gulf of Mexico. This prolific area includes open acreage, existing producing assets and new discoveries. Seismic data will be acquired using Fairfield Geotechnologies 4C nodal acquisition technology with operations expected to commence in Q4 2018. TGS and Schlumberger will apply their full azimuth processing expertise and expect to deliver final data to customers in Q1 2020.

"The Amendment project will enhance our current data coverage in the Central U.S. Gulf of Mexico. E&P companies are showing increased interest in the benefits of nodal seismic data to overcome imaging challenges in this region. In the Amendment project, TGS and Schlumberger will reimage underlying WAZ seismic data to provide modern, high-quality nodal seismic data to our clients," commented Kristian Johansen, CEO of TGS.

Maurice Nessim, president, WesternGeco, Schlumberger, added, "Schlumberger and TGS have built up extensive geophysical and geological knowledge in this prolific part of the U.S. Gulf of Mexico. In line with the WesternGeco asset-light strategy, the application of nodal seismic technology and state-of-the-art imaging techniques will help to accelerate hydrocarbon discovery, development and production for our clients. This unique dataset will provide a step change in illuminating complex subsurface structures and help E&P companies to maximize the value of their producing assets and rejuvenate their exploration portfolios. This highly integrated project will combine well log data, high-quality orthogonal WAZ and new nodal measurements to provide foundations for the first industry-funded regional nodal survey in the deepwater Gulf of Mexico."

This survey is supported by industry prefunding.

 

About the Companies

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, and data integration solutions.

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

Schlumberger

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has principal offices in Paris, Houston, London, and The Hague, and reported revenues of $30.44 billion in 2017. For more information, visit www.slb.com

###

*Mark of Schlumberger

 

TGS 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 principle 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).

TGS sponsored American

Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY".

For additional information about this press release please contact:

Sven Børre Larsen

Chief Financial Officer

Tel: +47 90 94 36 73

Email: sven.larsen@tgs.com

Will Ashby

SVP Investor Relations, HR & Communication

Tel: +1 713 860 2184 

Email: will.ashby@tgs.com

Joao Felix

Schlumberger Limited, Director of Corporate Communication

Tel: +1 713 375 3535

communication@slb.com

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

Amendment project


This announcement is distributed by West Corporation on behalf of West Corporation clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: TGS via Globenewswire

Attachment: Amendment project.pdf

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Premier explores Bermuda economic synergies with Florida in Miami talks with region’s business leaders
2
Atos and Siemens team up to enable enterprises to deploy IoT applications on private Cloud
3
IMRALDI™, Biogen’s Adalimumab Biosimilar Referencing Humira®, Is Launched in the European Union
4
DroppTV's Ai Shoppable Media Platform Partners with StarsIn, the Premium Digital Media Platform that connects fans and brands directly with stars and celebrities!
5
Response to Today's Media Reports in Tanzania

Related stock quotes

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Berlingske Media 2018  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
18 October 2018 06:43:15
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20181005.3 - EUROWEB3 - 2018-10-18 07:43:15 - 2018-10-18 06:43:15 - 1000 - Website: OKAY