TGS-Nopec to launch long-offset seismic program in the North Sea

TGS-Nopec Geophysical Co. ASA will begin a new 25,000-km multi-client 2D seismic program in the North Sea. The program, known as North Sea Renaissance (NSR), is part of a plan to cover the entire North Sea with over 100,000 km of long-offset 2D seismic data over the next few years.

TGS-Nopec Geophysical Co. ASA will begin a new 25,000-km multi-client 2D seismic program in the North Sea. The program, known as North Sea Renaissance (NSR), is part of a plan to cover the entire North Sea with over 100,000 km of long-offset 2D seismic data over the next few years.

NSR acquisition will begin with the vesselPolar Princess using an 8,000-m streamer. Two additional vessels with the same technical configuration will join the program later this year. Operations are expected to last until the end of Q3 2004.

Processing of the 25,000 km of data should be complete and available to the industry by the end of 2004.

TGS-Nopec has gathered long-offset acquisitions in the Gulf of Mexico carrying out the Phase 50 2D and Deep Resolve 3D seismic programs. The NSR concept represents an extension of the company's technical success with these programs to North Sea waters. The NSR program was initiated in 2003 as a 3,300-km pilot program that proved better resolution of deeper geological sequences and detected hydrocarbons on long-offset data never previously recorded. The 2004 NSR program is pre-funded by several oil companies.

TGS-Nopec is acquiring the NSR program in cooperation with Fugro.

04/21/04

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