"Despite a relatively sluggish seismic market during the first quarter, we once again delivered excellent revenue growth without sacrificing margins", stated TGS-NOPEC's CEO Hank Hamilton. "We remain right on course towards fulfilling our organic growth and profit goals for the year. In addition, the charter of the M/V Polar Search and the extension of the MC 3D cooperation agreement with WesternGeco represent important milestones along our 3D growth path."
Report for 1st Quarter 2002 is available as an attachment to this message at the following link:
1st Quarter 2002 Results - TGS-NOPEC delivers profitable growth in flat market.
| Source: TGS ASA
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