Contact Information: John Adamick Senior Vice President, Geological Products and Services Tel: +1 713 860 2100 Email: Karen El-Tawil VP, Business Development Tel: +1 713 860 2100 Email:
HOUSTON, TX--(Marketwire - October 21, 2009) - The US Department of Interior's Minerals
Management Service (MMS) has entered into a new contract with TGS-NOPEC Geophysical
Company (TGS) for well log data management services over the next 5
years in the Outer Continental Shelf (OCS). Under the agreement, TGS will
also provide the MMS with historic data from the Gulf of Mexico. This
agreement marks TGS' second term contract managing well log
data for the MMS.
The MMS first selected TGS as their service provider for new-drill data
management services in 2004. In this role, TGS acts as the collection
point for all operator acquired well log data in the OCS regions. After
receiving the data, TGS processes it to the MMS' standard and then serves
as the official release agent to the public once the Operator's proprietary
period has elapsed.
"We are honored that MMS has chosen TGS again for this contract," noted
John Adamick, Senior VP Geological Products. "We look forward to serving
MMS' well log data management needs over the next five years."
TGS' global well
database includes nearly six million logs and other borehole data from
key hydrocarbon provinces worldwide. The data is available online via
LOG-LINE Plus!®, a data repository with search, order and download
capabilities.
TGS-NOPEC Geophysical Company (TGS) is a principal resource for global
geoscientific data products and services in the E&P industry. TGS
specializes in the design, acquisition and processing of multi-client
seismic surveys worldwide and delivers advanced high performance seismic
imaging and software solutions. The Company also provides the world's
largest online well-log database, well data management services,
multi-client interpretive products and subsurface consulting services to
industry. The suite of integrated exploration data products available from
TGS is distinctive and unmatched. The Company philosophy is to create
unique high-quality data collected in the right place at the right time.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange
(OSLO : TGS ).