The program's initial phase will comprise approximately 11,000 line kilometers of newly acquired high-resolution broadband 2D seismic data on a regional scale to enhance the geological understanding of the prospective Bengal Fan. In addition, the data will also be an essential tool for acreage evaluation, supporting future license rounds under the soon-to-be-revised fiscal terms widely anticipated by the industry.
The overall program plans to encompass around 32,000 line kilometers of multi-client seismic data covering most of offshore
The acquisition is planned to commence in early
About TGS
TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.
Forward Looking Statement
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 product at costs commensurate with profitability, as well as volatile market conditions, which have been exacerbated by the COVID-19 pandemic and the severe drop in oil prices. 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.
For more information, visit TGS.com or contact:
Sven Børre Larsen
Chief Financial Officer
investor@tgs.com
![](https://ml-eu.globenewswire.com/media/ZTc1NWM3ZDktOWU1MS00MzM2LTliYjAtM2Y1ZDAxYzU1ZGRmLTEwMTM0MjU=/tiny/TGS-ASA.png)
© OMX, source