TGS Announces Availability of Stanley 3-D Seismic Data Offshore Louisiana.HOUSTON -- TGS-NOPEC Geophysical Company TGS-NOPEC Geophysical Company (OSE: TGS) often branded as TGS is a Norwegian geoscience data, software and service provider. The company has its headquarters in Asker outside Oslo, Norway in addition to offices in Bedford, United Kingdom; West Perth, Australia and Houston, (TGS TGS Tokyo Game Show TGS Ticket-Granting Service TGS Ticket-granting Server TGS The Good Shepherd TGS Teen Girl Squad TGS The Gargoyles Saga TGS Texas Gourd Society TGS Tomato Growers Supply TGS Trinity Grammar School TGS Tomographic Gamma Scanner ) announced today that the first results of its Stanley Non-Exclusive 3-D Survey located in the Green Canyon and Atwater Valley areas of offshore Louisiana are now available for delivery to its customers. These initial results cover over 250 OCS OCS - Object Compatibility Standard blocks with pre-stack time migrated data and over 180 blocks with pre-stack depth migrated (PSDM PSDM Pre Stack Depth Migration (seismic processing; oil industry) PSDM Problem Solving and Decision Making PsDM Pseudospectrum Descent Method ) data. TGS expects to deliver an additional portion of PSDM data in March. "Although the Stanley area has historically proven to be a very difficult area in which to produce clear sub-salt images, the technical adjustments we have made to our acquisition parameters combined with state of the art imaging techniques are generating superior results," said Kim Abdallah Vice President NSA NSA abbr. National Security Agency Noun 1. NSA - the United States cryptologic organization that coordinates and directs highly specialized activities to protect United States information systems and to produce foreign New Ventures. Originally commenced in the spring of 2006, the Stanley program will ultimately cover approximately 550 OCS blocks (approximately 13,000 square kilometers). Based on a number of recent licensing commitments from customers and strong industry interest, TGS has modified the original survey outline. Now highly funded by several oil company participants, the survey encompasses a large number of blocks that will be newly available for both the fall 2007 and spring 2008 scheduled Central Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east lease offerings. TGS-NOPEC Geophysical Company (TGS) is a leading global provider of multi-client geoscientific data, associated products and services to the oil and gas industry. TGS specializes in the creation of non-exclusive seismic surveys worldwide. The Company provides advanced depth imaging solutions and software through its TGS Imaging division. Well log data is available for conversion, sourcing, management and immediate delivery through TGS subsidiary, A2D Technologies. Multi-client interpretive products and subsurface consulting services are provided through the Company's Aceca subsidiary. The TGS family of companies places a strong emphasis on providing high-quality data and the highest level of service to the industry. 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 Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and is listed on the Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. (OSLO:TGS). |
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