TGS Expands Regional 3D Coverage Offshore Liberia

TGS confirmed the start up of its next phase of regional multi-client 3D seismic acquisition in offshore Liberia. The new two-thousand square kilometer 3D program expands the existing 9,000 square kilometers of 3D coverage that TGS initiated in late 2008. The latest Liberia phase will be recorded with long offset acquisition and will incorporate state of the art Prestack Time and PreStack Depth data processing.

TGS expects preliminary data to be available in the third quarter of 2010.

Offshore Liberia has received significant interest in recent months due to the excitement generated by new oil discoveries in both the Gulf of Guinea and Sierra Leone.

"It is exciting to have data in a trend that has recently produced significant oil discoveries in Offshore Africa," commented Kim Abdallah, TGS' VP of New Ventures in Africa and the Middle East. "Our coverage of this emerging oil play will now be more than 14,000 kilometers of multi-client 2D data and 11,000 square kilometers of 3D data." The program is heavily prefunded.