TGS charters seismic vessels

TGS-NOPEC Geophysical (TGS) has signed a mutually binding letter of intent with Bergen Oilfield Services AS (BOS) to enter into a contract with the company for the recently converted M/V BOS Arctic 3D seismic vessel.

Offshore staff

ASKER, Norway -- TGS-NOPEC Geophysical (TGS) has signed a mutually binding letter of intent with Bergen Oilfield Services AS (BOS) to enter into a contract with the company for the recently converted M/V BOS Arctic 3D seismic vessel.

The contract begins in November and lasts for a minimum period of 12 months. The contract comes with an option for TGS to contract one of BOS' 3D vessels for another 12-month period under the same commercial terms.

With this agreement, TGS will have three 3D vessels under charter for all or part of 2009.

09/09/2008

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