Thalassa Holdings Limited Valhall Contract Update (8430G)
04 Julho 2012 - 3:00AM
UK Regulatory
TIDMTHAL
RNS Number : 8430G
Thalassa Holdings Limited
04 July 2012
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL.LN)
("Thalassa" or the "Group")
Valhall Contract Update
Successful Completion of Life of Field Seismic Survey
Thalassa is pleased to announce that WGP Group Ltd ("WGP") has
completed the fifteenth Life of Field Seismic ("LoFS") survey over
the Valhall field in the North Sea for BP. This is the fourth LoFS
at Valhall to be carried out using the Group's Portable Modular
Source System ("PMSS(TM)").
As per previous surveys, the PMSS(TM) was mobilised on the M/V
Stril Myster, a field platform supply vessel that is converted into
a seismic source vessel for the duration of the project. In total
the full data set of 2,552km of data was acquired in 6 weeks,
including time for mobilisation and demobilisation, during what was
a particularly busy period of field activity in and adjacent to the
Valhall producing area.
Duncan Soukup, Chairman, said: "I am happy to report that the
client has extended thanks to the WGP team for their
professionalism in acquiring the data which will assist with the
continued operations on the Valhall Field. I am particularly
pleased that the company's work is seen as key to enhancing the
life of the Valhall field and look forward to the sixteenth LoFS in
2013."
Contact:
Duncan Soukup, Executive Tel: + 33 (0)6 78 63
Chairman 26 89
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Thalassa Holdings Ltd
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AntonyLegge/James Felix Tel: + 44 (0)20 7776
6550
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Daniel Stewart & Company
plc
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www.thalassaholdingsltd.com
Notes to Editor:
Thalassa Holdings Ltd, incorporated and registered in the BVI
and quoted on AIM, is a holding company with a focus on marine
seismic operations. The corporate strategy for the Group is
"Exploration and Beyond". "Exploration" is focused on activity in
frontier and challenging locations, whilst "Beyond" focuses on
production activity by looking to secure opportunities in the
permanent reservoir monitoring market. Thus activity and focus will
be dominated by projects in remote and challenging frontier
locations, coupled with lower risk projects in mature producing
regions.
Alongside the technical expertise and consultancy in marine
seismic operations provided through its subsidiary, WGP, the Group
owns and operates two portable modular source systems (PMSS(TM)).
The PMSS(TM) generates a seismic source for use in seismic
acquisition for use in petroleum exploration and production. The
equipment is temporarily installed on the back of a platform supply
vessel for the purposes of acquiring data.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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