TGS-NOPEC plans 2D Seismic in Madagascar

TGS-NOPEC Geophysical Company ASA plans to complete a 2D seismic study of approximately 10,300 km covering the Morondava Basin and French waters of the Mozambique Channel, offshore west Madagascar.

Offshore staff

(South Africa) - TGS-NOPEC Geophysical Company ASA plans to complete a 2D seismic study of approximately 10,300 km covering the Morondava Basin and French waters of the Mozambique Channel, offshore west Madagascar.

The program is designed to expand the company's 2,158-km 2001 vintage survey into deeper basins across the entire region. The survey will be available early in 2Q/2006.

A bid round is planned in the Madagascan portion of the survey area for next year. Details of the bid round will be announced from The Office des Mines Nationales et des Industries Strategiques in Madagascar, and closing of the bid round is expected in 3Q/2006.

10/05/05

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