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TGS signs Arctic 2D accord

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Offshore staff

ASKER, Norway – TGS NOPEC has signed a three year 2D seismic co-operation agreement with Dalmornefte Geophysica Yuzhno- Sakhalinsk (DMNG) in the Arctic region, east and west of the Bering Strait.

The agreement builds on the industry-funded 2D operations performed in Russian waters during summer 2010. These will serve as a basis for additional work in 2011 and 2012.

"It is important for TGS to return to the Arctic region and add data coverage in an area that is believed to hold huge hydrocarbon volumes,” said Kjell E. Trommestad, VP and general director Europe for TGS.

01/04/2010

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