Nærsnes, Norway, July 22, 2002 - TGS-NOPEC Geophysical Company ASA (OSLO:TGS) today announced the acquisition of 6100 km non-exclusive 2D data in West Greenland. Acquisition commenced last week-end and operations are expected to terminate during September. The processing of the data will be performed by TGS-NOPEC's processing centre in Bedford.
The highly pre-funded programme is designed both to infill TGS-NOPEC's earlier vintage surveys in the area and to test new potential hydrocarbon provinces like the offshore areas west of Kap Farvel and Disco Island.
This year's operations mark the fourth consecutive year of TGS-NOPEC activity in West Greenland. During the four summer seasons the Company has acquired close to 20,000 kms highly pre-funded 2D seismic.
The vessel M/V Polshkov, under charter to TGS-NOPEC, is currently acquiring the survey.
TGS-NOPEC is a leading global provider of non-exclusive seismic data and associated products to the oil and gas industry. Oil companies use this seismic data to explore for and develop oil and gas deposits. TGS-NOPEC specializes in the planning, acquisition, processing, interpretation, and marketing of non-exclusive surveys worldwide. The company places a strong emphasis on providing high quality seismic data and the highest level of service to the industry. TGS-NOPEC also offers proprietary seismic acquisition and processing services, as well as gravity and aeromagnetic surveys.
For additional information about this news release please contact:
Kjell E. Trommestad, Vice President & General Manager, Europe
Telephone: +47-31-29-20-06 / +47-91-77-29-92
Email: kjell.trommestad@tgsnopec.no
Jørn Christiansen, Vice President Marketing
Telephone: +47-31-29-20-11 / +47-95-07-70-03
Email: jorn.christiansen@tgsnopec.no