TGS-NOPEC Announces Gulf of Mexico DeepShelf Interpretation, Completion of Eastern Half.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--Feb. 24, 2004 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, announced today that the eastern half of its Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east DeepShelf Interpretation Project has been completed. DeepShelf is a regional, evergreen structural interpretation of the entire Louisiana shelf. The interpretation project, completed by Subsurface Consultants Inc., features horizons ranging in age from Lower Pliocene to Oligocene mapped regionally across Eugene Island through the Grand Isle OCS OCS - Object Compatibility Standard regions. These maps are now available for license to the industry. The western half of DeepShelf is in progress and is expected to be completed by June 2004. The primary goal of DeepShelf is to aid explorationists in understanding the geology of the Deep Gas Play. The project utilizes long offset seismic data from TGSN's recently completed Phase 50 seismic grid along with hundreds of deep wells and paleo information to create a series of deep regional structure maps. The maps are based on sequence boundaries and include interpretations of top/base of salt and faults. Isochron maps are also being created between horizons to show locations of depocenters and fairways within stratigraphic intervals. According to John Adamick, VP of Business Development, "The DeepShelf Interpretation is unique in that it is specifically designed to be updated each quarter based on new well information. Clients will continue to benefit from DeepShelf for a long time." In addition to the regional benefits of DeepShelf, twenty-five analog field studies are included in the initial project. Supplemental studies will be included in future updates, creating a valuable catalog of what deep gas fields look like across the Louisiana shelf. TGS-NOPEC is a leading global provider of multi-client geoscience ge·o·sci·ence n. Any one of the sciences, such as geology or geochemistry, that deals with the earth. ge data and associated products and services to the oil and gas industry. TGS-NOPEC specializes in the planning, acquisition, processing, interpretation and marketing of non-exclusive seismic surveys worldwide. A2D A2D Analog To Digital Technologies, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , pioneered the delivery of digital well log data over the Internet and currently offers a one-of-a-kind integrated solution for well log data sourcing, well log data management and well log correlation. The TGS-NOPEC group 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. These include TGS-NOPEC's reliance on a cyclical industry and principal customers, the company's ability to continue to expand markets for licensing of data, and the company's ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected. TGS-NOPEC undertakes no responsibility to update forward-looking statements. TGS-NOPEC Geophysical Company 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 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 ). Web site: www.tgsnopec.com |
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