TGS-Nopec updates status of PDS acquisition

TGS-Nopec Geophysical Co. has received clearance from the US Federal Trade Commission to acquire Parallel Data Systems Inc. As TGS notified the Oslo Stock Exchange on April 2, the transaction has been approved by the board of directors of both companies.
May 4, 2007

Offshore staff

HOUSTON -- TGS-Nopec Geophysical Co. has received clearance from the US Federal Trade Commission to acquire Parallel Data Systems Inc. As TGS notified the Oslo Stock Exchange on April 2, the transaction has been approved by the board of directors of both companies.

Final closing of the transaction is expected during next week.

5/4/2007

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