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Oil and Gas Energy News Update

Tuesday, September 6, 2011

TGS, Fugro Team Up in Greenland Survey

- TGS, Fugro Team Up in Greenland Survey

Tuesday, September 06, 2011
TGS-NOPEC Geophysical Co. ASA

TGS has commenced a new 1,000 km multi-client 2D survey in Northeast Greenland in partnership with Fugro.

This survey will enable customers to prepare for the announced Greenland Licensing Round in 2012/2013 and will significantly add to a data set that TGS has been growing since 2008 in this promising region. After this year's data acquisition, TGS will be able to offer approximately 4,500 km of new multi-client 2D data, a large volume of reprocessed multi-client 2D data and full coverage of aeromagnetic/gravity data over the basins that are to be included in the planned licensing round.

The new seismic data is being acquired by the M/V Akademik Shatskiy supported by the ice breaker M/V Fennicia and is scheduled to complete during 4Q 2011. Data processing will be performed by TGS and data will be available to clients during 1Q 2012.

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