TGS Announces Dawson III 3D Seismic Survey in the Western Canadian Sedimentary Basin

06 Jan 2025 07:00 CET

(6 January 2025) - TGS, a global provider of energy data and intelligence
announced today the launch of the Dawson Phase III 3D multi-client seismic
survey in the Western Canadian Sedimentary Basin. Spanning 141 square
kilometers, this new survey will be merged with 121 square kilometers from the
existing Dawson Phase II 3D (https://www.tgs.com/press-releases/tgs-announces-
expansion-of-onshore-seismic-project-in-north-america).

Field recording has just completed, with Fast Track data expected in the first
quarter of 2025 and final delivery in the second quarter of 2025. The project
utilizes advanced imaging technologies, including multi-survey merging, harmonic
noise reduction for slip sweep acquisition and OVT 5D interpretation, which
enables precise subsurface imaging and valuable insights for operators
developing Montney resources.

"The Dawson Phase III 3D survey marks an important step as our first new multi-
client seismic project in British Columbia since 2019," said Kristian Johansen,
CEO of TGS. "Through the application of modern seismic imaging techniques and
close collaboration with First Nations to minimize environmental impact, we
continue our commitment in delivering high-quality, industry-leading data that
supports informed decision-making in one of Canada's most active formations."

The Dawson Phase III 3D seismic survey, supported by industry funding, will be
integrated with existing TGS' data to offer an expanded dataset for enhanced
subsurface understanding in the region. The project incorporates 291 wells and
191 LAS logs, further refining the dataset and offering valuable insights for
operators in Montney Formation.


 For more information, visit TGS.com (http://www.tgs.com) or contact:

Bård Stenberg
VP IR & Communication
Mobile: +47 992 45 235
investor@tgs.com (mailto:investor@tgs.com)

About TGS
TGS provides advanced data and intelligence to companies active in the energy
sector. With leading-edge technology and solutions spanning the entire energy
value chain, TGS offers a comprehensive range of insights to help clients make
better decisions. Our broad range of products and advanced data technologies,
coupled with a global, extensive and diverse energy data library, make TGS a
trusted partner in supporting the exploration and production of energy resources
worldwide. For further information, please visit www.tgs.com
(https://www.tgs.com/).

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 volatile market conditions, investment opportunities in new and existing
markets, demand for licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal customers. 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.

More information:
Access the news on Oslo Bors NewsWeb site