Naersnes, Norway, February 23, 2000 – TGS-NOPEC Geophysical Company (OSLO:TGS) today announced an agreement with Sevmorneftegeofizika (SMNG) to charter SMNG’s 2D seismic vessel M/V Professor Polshkov for a six month period, beginning in April 2000. The agreement also contains provisions for optional extensions of the charter period.
“We plan another aggressive campaign of new surveys this year,” says Kjell E. Trommestad, Vice President & General Manager, of TGS-NOPEC’s European Division. “Securing the M/V Professor Polshkov is an important step towards achieving this plan. Having worked very successfully with several SMNG seismic vessels over the past ten years, we are pleased to be able to continue this business relationship.”
TGS-NOPEC is a leading global provider of non-exclusive seismic data and associated products to the oil and gas industry. Oil companies use this seismic data to explore for and develop oil and gas deposits. TGS-NOPEC specializes in the planning, acquisition, processing, interpretation, and marketing of non-exclusive surveys worldwide. The company places a strong emphasis on providing high quality seismic data and the highest level of service to the industry. TGS-NOPEC also offers proprietary seismic acquisition and processing services, as well as gravity and aeromagnetic surveys.
SMNG, based in Murmansk, Russia, provides a wide range of geophysical services. The company owns and operates a fleet of four seismic vessels for deep-water marine operations and three vessels for shallow waters.