TGS Starts Honeycombs Seismic Survey (Australia)

TGS announces a 3D multi-client seismic survey, Honeycombs, which covers 2,500 km2 over the Exmouth Plateau in the Northern Carnarvon Basin, offshore NW Australia.

The survey is located over acreage with 50% relinquishment due in February 2013 and is adjacent to the previously announced NW Australia survey (Mary Rose) in October 2011.

Upon completion of this survey, the TGS portfolio of 3D multi-client coverage in this highly prospective area offshore Australia will exceed 17,000 km2.

The seismic data will be acquired by the M/V Ramform Sterling and is expected to begin in September 2012 with completion in Q4 2012. The survey is supported by industry funding.

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Press Release, August 20, 2012