TGS Charters Additional 2D Vessel Capacity.Nine seismic crews now chartered for all or parts of 2007 ASKER, Norway -- 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 (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 ) announced today that it has signed a two-year charter agreement with BGP (Border Gateway Protocol) The routing protocol that is used to span autonomous systems on the Internet. It is a robust, sophisticated and scalable protocol that was developed by the Internet Engineering Task Force (IETF). for a 2D seismic vessel to be named the M/V M/V Motor Vehicles M/V Motor Vessel M/V Merchant Vessel BGP Atlas. BGP is currently outfitting the M/V BGP Atlas with state-of-the-art equipment and technology, and is scheduled to deliver it to TGS in June 2007. TGS plans to deploy the vessel initially in the North Sea during the summer season. TGS has the option to extend the vessel contract by two consecutive one-year periods under the same commercial terms. With this agreement TGS has now secured access to three 3D crews and six 2D vessels for all or parts of 2007, enabling the company to continue aggressively expanding its multi-client database. TGS-NOPEC Geophysical Company (TGS) is a leading global provider of multi-client geoscientific data, associated products and services to the oil and gas industry. TGS specializes in the creation of non-exclusive seismic surveys worldwide. The company also provides advanced depth imaging solutions and software through its TGS Imaging division. A2D A2D Analog To Digital Technologies, a wholly-owned subsidiary, 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. 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 ASA 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). |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion