TGS acquires Center Line

TGS-Nopec Geophysical Co. has acquired most Center Line Data Corp. assets for $5 million plus TGS shares.

Offshore staff

HOUSTON --TGS-Nopec Geophysical Co. has acquired most Center Line Data Corp. assets for $5 million plus TGS shares.

"The Center Line transaction represents a strategic acquisition for our Geologic Products division," said Rod Starr, senior VP of TGS Geological Products & Services. "Center Line has developed proprietary well log digitizing software that will allow TGS to greatly accelerate the creation of LAS files from our comprehensive well log image inventory."

The move adds 36 staff to TGS and allows it to open a regional office in Denver, Colorado.

06/02/2008

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