TGS, PGS to combine GoM deepwater seismic surveys

TGS-NOPEC Geophysical Co. (TGS) has signed a cooperation agreement with Petroleum Geo-Services ASA (PGS) to combine the ongoing TGS Hernando 3D survey and the PGS Discovery Desoto Canyon MC3D survey into one large, seamless, 3D multi-client project in the Desoto Canyon in the Central and Eastern Gulf of Mexico planning areas.

Offshore staff

ASKER, Norway -- TGS-NOPEC Geophysical Co. (TGS) has signed a cooperation agreement with Petroleum Geo-Services ASA (PGS) to combine the ongoing TGS Hernando 3D survey and the PGS Discovery Desoto Canyon MC3D survey into one large, seamless, 3D multi-client project in the Desoto Canyon in the Central and Eastern Gulf of Mexico planning areas.

The joint survey, named Hernando will cover a 365 OCS block area. More than 225 equivalent blocks have already been recorded by the two companies using one 3D vessel each, and a subset of this data is currently available as a fast-track product for use in the March 2009 OCS Lease Sale.

Final data from the full survey is expected to be available to clients by the end of 2009, the companies say.

03/16/2009

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