TGS Exercises Option for 3D Vessel Charter
(Thomson Reuters ONE) -
ASKER, NORWAY (25 February, 2010) - TGS announced today that it has exercised
the option to extend the charter for the Polarcus Nadia for a 6 month period
following the completion of the initial program in the charter, expected to be
in May 2010.
A second 6 month option for the vessel remains in full effect and would follow
this extension if ultimately exercised by TGS.
TGS-NOPEC Geophysical Company (TGS) provides global geoscience data products and
services to the oil and gas industry for the exploration and delineation of
hydrocarbon reserves. We design and acquire multi-client data projects
worldwide that make up our data library of seismic, gravity/magnetic and well
data, enhanced by our seismic imaging technology and regional interpretation
expertise. Visit TGS online at www.tgsnopec.com
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 additional information about this news release please contact:
Karen El-Tawil
VP, Business Development
Tel: +1 713 860 2102
Email:karen.el-tawil(at)tgsnopec.com
Arne Helland
Chief Financial Officer
Tel: +47 66 76 99 31/+47 91 88 78 29
Email:arne.helland(at)tgsnopec.no
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1388309]
Unternehmensinformation / Kurzprofil:
Datum: 25.02.2010 - 07:51 Uhr
Sprache: Deutsch
News-ID 12902
Anzahl Zeichen: 0
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS Exercises Option for 3D Vessel Charter"
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