TGS begins non-exclusive aerogravity survey in Vietnam

TGS-NOPEC Geophysical Co. ASA (TGS) has begun acquisition of Phase II of the Mekong Delta Aeromagnetic and Aerogravity Project.

Offshore staff

ASKER, Norway -- TGS-NOPEC Geophysical Co. ASA (TGS) has begun acquisition of Phase II of the Mekong Delta Aeromagnetic and Aerogravity Project.

Phase I was acquired, processed, and interpreted in 2007 and comprised 46,000 sq km (17,761 sq mi) of non-exclusive aeromagnetic data in the Mekong Delta area of Vietnam. The second phase, over the same area, will comprise aerogravity and infill aeromagnetic data. The survey is supported by industry pre-funding and is being carried out in collaboration with Petrovietnam.

"We were greatly encouraged by the data acquired during Phase I. Interpretation of this magnetic data suggested a network of intersecting northeast and northwest-trending faults defining a series of horsts and grabens and indicating significant basin fill," says Paul Gilleran, TGS general manager Asia-Pacific region.

"The Phase II data will help explorationists define the basin architecture and undertake a preliminary assessment of the petroleum potential of this frontier, under-explored area," he said.

03/25/2008

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