Business News for the week of 17 June 2013

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TGS commences 3D multiclient electromagnetic survey in the Barents Sea

19 June 2013—TGS in partnership with Electromagnetic Geoservices ASA (EMGS) signed an agreement to jointly invest in a 3D electromagnetic multiclient survey covering 11 blocks, or approximately 3300 km2, in the Hoop area of the Barents Sea.

The 3D EM data is being acquired by the M/V Atlantic Guardian. Data will be available to clients through both EMGS and TGS.

Under the terms of the previously announced agreement, EMGS will be given access to all TGS 2D seismic data for survey planning and integration purposes, while TGS will obtain access to 3D EM data to evaluate and plan subsequent multiclient work over the area.