TGS-NOPEC Geophysical Company ASA to Acquire Symtronix Corporation

"TGS-NOPEC has been a client of Symtronix Corporation for years, states TGS-NOPEC's Chief Executive Officer, Hank Hamilton. "We have been impressed with the quality of their work and high level of service, which are similar to TGS-NOPEC's own high standards. The acquisition of Symtronix will allow us to provide a more complete and thorough set of data delivery alternatives to clients who license TGS-NOPEC seismic data. Additionally, Symtronix will continue to provide services to its existing client base."

TGS-NOPEC is a leading global provider of non-exclusive seismic data and associated products to the oil and gas industry. 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.

TGS-NOPEC is listed on the Oslo Stock Exchange (OSLO:TGS).