TGS Begins Expansion of Greenland Survey

TGS has commenced expansion of a 2D multi-client survey covering 1,864 miles (3,000 kilometers) in Northeast Greenland in partnership with Fugro.

The survey, NEG12, will enable customers to prepare for the announced Greenland Licensing Round in 2012/2013 and will be a significant addition to a data set that TGS and Fugro have been growing since 2008. With this year's data acquisition, TGS will be able to offer approximately 4,660 miles (7,500 kilometers) of multi-client 2D data, a large volume of reprocessed multi-client 2D data and full coverage of aeromagnetic/gravity data over and adjacent to the basins that are included in the announced licensing round.

The seismic data is being acquired by the M/V Akademik Shatskiy supported by the ice breaker M/V Viking Balder. A helicopter is being utilized for ice density monitoring. The survey is scheduled to complete during 3Q 2012. Data processing will be performed by TGS and data will be available to clients before the December 15 application deadline of the first licensing round in these waters.

The survey is supported by industry funding.

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