With respect to the agreed and approved merger with Wavefield-Inseis and inlight of yesterday's Wavefield-Inseis EGM:
TGS-NOPEC stands by its previous public statements concerning its position.
Namely, there is no legal basis for a delay in the merger, TGS is not in a
position to consider a revision to the terms of the existing agreement ,TGS believes that the PWC report covers all relevant issues hence TGS-NOPEC will not consider another third-party investigation into its third quarter revenues.
TGS-NOPEC is reviewing its full range of legal alternatives and its
rights under Norwegian law.
For further information call:
Arne Helland CFO +57 66 76 99 31/+47 91 88 78 29
email: arne@tgsnopec.no