Business Services Industry

TGS-NOPEC Geophysical Company ASA charters 2D seismic vessel BGP Atlas

Nordic Business Report, Jan 12, 2007

NORDIC BUSINESS REPORT-12 January 2007-TGS-NOPEC Geophysical Company ASA charters 2D seismic vessel BGP Atlas(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian seismic survey company TGS-NOPEC Geophysical Company ASA said on Friday (12 January) that it has signed a two-year charter agreement for the 2D seismic vessel BGP Atlas with BGP Inc.

TGS-NOPEC said that it plans to use the vessel in the North Sea during the summer season.

The agreement includes an option to extend the charter by two additional one-year periods.

The financial details of the agreement were not disclosed.

TGS-NOPEC, headquartered in Asker in Norway, provides geoscience data, software and service. In addition to Norway the company has offices in the UK, Australia and the US. TGS-NOPEC is listed on the Oslo Stock Exchange and traded under the ticker TGS.

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