Hobbs joins company as Chief Operating Officer
Asker, Norway, January 14th, 2008 - The Board of Directors of TGS-NOPEC Geophysical Company (TGS) is pleased to announce that Robert S. Hobbs will join the company on January 25, 2008 as Chief Operating Officer reporting directly to Hank Hamilton, Chief Executive Officer. Based in Houston, Mr. Hobbs will be responsible for the worldwide operations of TGS.
Mr. Hobbs joins TGS after one year as Manager, Worldwide Geoscience with Marathon Oil Company. Prior to this he spent nine years with Veritas DGC in a wide range of roles including President & Managing Director of the company's wholly owned UK subsidiary, where he was responsible for all product lines in the Europe, Africa, Middle East, and former Soviet Union region. He also worked ten years as both a geologist and a geophysicist with ARCO Oil and Gas, Exxon, and Union Texas Petroleum. Mr. Hobbs holds a M.Sc. degree in Geology from the University of Southern California.
"As a result of the rapid global expansion of our business, we are strengthening our top management team, allowing Hank more time to focus on strategic issues. Robert's experience and profile represent an excellent match with our existing team", said Claus Kampmann, Chairman of TGS.
"We feel very fortunate to be able to attract an executive of Robert's caliber", added Hank Hamilton. "I look forward to working closely with him to build an even stronger TGS."
TGS-NOPEC Geophysical Company (TGS) is a principal resource for global geoscientific data products and services in the E&P industry. TGS specializes in the design, acquisition and processing of multi-client seismic surveys worldwide and delivers advanced high performance seismic imaging and software solutions. The Company also provides the world`s largest online well-log database, well data management services, multi-client interpretive products and subsurface consulting services to industry. The suite of integrated exploration data products available from TGS is distinctive and unmatched. The Company philosophy is to create unique high-quality data collected in the right place at the right time.
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 TGS` reliance on a cyclical industry and principal customers, TGS` ability to continue to expand markets for licensing of data, and TGS` ability to acquire and process data products at costs commensurate with profitability. 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.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO: TGS).
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 TGS` reliance on a cyclical industry and principal customers, TGS` ability to continue to expand markets for licensing of data, and TGS` ability to acquire and process data products at costs commensurate with profitability. 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.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO: TGS).
For more information about this news release, please contact:
Arne Helland
Chief Financial Officer
Tel: +47 66 76 99 31/+47 91 88 78 29
Email: arne.helland@tgsnopec.no
John Adamick
VP Business Development
Tel: +1 713 860 2100
Email: jada@tgsnopec.com