TGS Signs Letter of Intent for 3D Vessel
(Thomson Reuters ONE) - Asker, Norway (September 1, 2009) - TGS-NOPEC Geophysical Company ASA(TGS) announced today that it has signed a conditional Letter ofIntent with Polarcus Limited to utilize their first released vessel,the 12 streamer Polarcus Nadia. The charter will begin in December,2009 and last for approximately 3 months with options for TGS toextend the charter in two 6 month increments under fixed commercialterms.The vessel design incorporates many new and innovative featuresranging from the distinctive ULSTEIN X-BOW® hull to the SelectiveCatalytic Reduction (SCR) system, designed to maximize operationalperformance and minimize emissions. The sophisticated double hulldesign also incorporates a range of advanced safety featuresincluding a DP 2 dynamic positioning system. "We are excited, lookingforward to work with this new, promising vessel provider whenexpanding our Multi-Client data library further" Robert Hobbs, TGSChief Executive Officer, commented.TGS-NOPEC Geophysical Company (TGS) is a principal resource forglobal geoscientific data products and services in the E&P industry.TGS specializes in the design, acquisition and processing ofmulti-client seismic surveys worldwide and delivers advanced highperformance seismic imaging and software solutions. The Company alsoprovides the world's largest online well-log database, well datamanagement services, multi-client interpretive products andsubsurface consulting services to industry. The suite of integratedexploration data products available from TGS is distinctive andunmatched. The Company philosophy is to create unique high-qualitydata collected in the right place at the right time.TGS-NOPEC Geophysical Company ASA is listed on the Oslo StockExchange (OSLO:TGS).For additional information about this news release please contact:Karen El-TawilVP, Business DevelopmentTel: +1 713 860 2102Email: karen.el-tawil(at)tgsnopec.comArne HellandChief Financial OfficerTel: +47 66 76 99 31/+47 91 88 78 29Email: arne.helland(at)tgsnopec.noThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 01.09.2009 - 18:01 Uhr
Sprache: Deutsch
News-ID 5359
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