TGS-NOPEC Geophysical Company ASA announced a commercial agreement to sell Fugro's 2D multi-client library. As a result of this agreement, Fugro provides TGS with an exclusive right to license and market the majority of Fugro's multi-client 2D library and receive commission fees on the sales of this data.
The agreement covers more than 621,371 miles (1,000,000 kilometers) of seismic data in areas of great strategic interest for TGS. While the brokerage agreement provides TGS with more data coverage in existing focus areas such as Northwest Europe, it also provides access to a broad range of new client contacts and exposure to seven new countries/areas where TGS is not active today.
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