TGS charters Fugro vessel for West Africa

TGS has chartered Fugro's Geo-Caribbean seismic vessel to perform multi-client programs off West Africa.

Offshore staff

HOUSTON-- TGS has chartered Fugro's Geo-Caribbean seismic vessel to perform multi-client programs off West Africa.

The Geo-Caribbean can tow 12 long-offset streamers. TGS expects to take delivery of the vessel around Sept. 1 under a seven-month charter, during which it aims to acquire over 10,000 sq km (3,861 sq mi) of new 3D data, supported by industry pre-funding.

"Over the last three years TGS has increased its 3D investments significantly in West Africa,” says CEO Robert Hobbs. “In that period we have acquired over 21,000 sq km (8,108 sq mi) of 3D data in this promising region.

“We continue to see opportunities along the Africa transform margin as well as in the salt basins and see the charter of the Geo-Caribbean as an opportunity to gain access to a world class 3D seismic vessel for utilization in a key exploration market."

07/12/2010

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