A2D Technologies Expands into Offshore Northwest Europe; Releases ``GeoData'' set; signs data release agreement with UK Department of Trade & Industry.LONDON -- Well log data provider A2D A2D Analog To Digital Technologies has expanded its worldwide offerings to include several highly active hydrocarbon provinces offshore Northwest Europe; including the North Sea, Norwegian Sea, Barents Sea and offshore west Ireland. The company now offers online access to multi-component GeoData sets for online access and instant download via A2D's web-based system, LOG-LINE Plus!(R). Derived from interpreted data by regional experts, Aceca -- also a TGS-NOPEC Company, A2D's GeoData sets include: edited well log data, interpreted borehole litho-, sequence- and chrono- stratigraphy, synthetic seismograms, modeled borehole zonations to include lithology li·thol·o·gy n. 1. The gross physical character of a rock or rock formation. 2. The microscopic study, description, and classification of rock. , main depositional environment and depositional facies associations. GeoData sets are available online for over 2,200 key wells offshore the United Kingdom, Norway and Ireland. Concurrently, A2D has signed an agreement with the United Kingdom Department of Trade and Industry The Department of Trade and Industry was a United Kingdom government department which was disbanded with the announcement of the creation of the Department for Business, Enterprise and Regulatory Reform on 28 June 2007[1]. (DTI Diffusion tensor imaging (DTI) A refinement of magnetic resonance imaging that allows the doctor to measure the flow of water and track the pathways of white matter in the brain. ) to become an authorized data release agent. Under the terms of the agreement, A2D will offer standardized high-quality log data from the United Kingdom's continental shelf (UKCS UKCS United Kingdom Continental Shelf UKCS United Kingdom Counter-Strike (gaming clan) UKCS United Kingdom Copyright Service ) on behalf of the DTI. All new releases will be available through LOG-LINE Plus! for immediate access according to the Crown's publication dates. A2D will also initiate a project to collect and standardize all legacy exploration and appraisal UKCS wells to industry standards and create value-added products, all of which will be accessible online. "A2D became the leading provider of well log data in the U.S. by concentrating on data quality and by building the industry's most comprehensive well log database," commented Rod Starr, Executive Vice President Global Business Development, A2D Technologies. "We see our agreement with the DTI and our expansion into Northwest Europe as significant steps towards the globalization of this model. Working closely with the DTI to ensure high-quality data is available to the industry will benefit all E&P companies working in this highly active region." A2D Technologies presently offers over four million well logs online, including comprehensive coverage in North America and a rapidly growing international database. The company now has well log coverage in 12 key countries worldwide with other major additions soon to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. . A2D Technologies, a TGS-NOPEC Company, is the energy industry's well log data marketplace offering the largest online database, immediate delivery, conversion services, data management services and worldwide well log data sourcing. TGS TGS Tokyo Game Show TGS Ticket-Granting Service TGS Ticket-granting Server TGS The Good Shepherd TGS Teen Girl Squad TGS The Gargoyles Saga TGS Texas Gourd Society TGS Tomato Growers Supply TGS Trinity Grammar School TGS Tomographic Gamma Scanner is a leading global provider of multi-client geoscientific data, associated products and services to the oil and gas industry. The TGS family of companies places a strong emphasis on providing high-quality data and the highest level of service to the industry. 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 TGS-NOPEC Geophysical Company (OSE: TGS) often branded as TGS is a Norwegian geoscience data, software and service provider. The company has its headquarters in Asker outside Oslo, Norway in addition to offices in Bedford, United Kingdom; West Perth, Australia and Houston, ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and is listed on the Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. (OSLO:TGS). |
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