SCS Corp. Inks Data Management Deal for ANWR Seismic Data

SCS Corp. has signed a data management and sales agency agreement with Texas Geophysical Co. The data encompasses 1,800 miles of 2D seismic located along the coast of the Alaska National Wildlife Refuge (ANWR). The acquisition program consisted of 2D seismic data that was acquired in Alaskan state waters during the years from 1981 through 1983.

Although the federal government has disallowed hydrocarbon exploration in the ANWR region in the past, the Alaskan Natural Resources Department of Oil and Gas has released the Alaskan State Waters for lease sales to be held in October 2004 and 2005. This includes the coastal region where this data was acquired. This important seismic data is being reprocessed to present a clearer picture to the exploration industry.

Preliminary testing has demonstrated that this reprocessed data can be used to significantly enhance the interpretation of the area. Jim Burcham, director of data management for the SCS Corp., said, "We are pleased to be doing the transcription, reprocessing and marketing of this data and expect numerous oil companies to license it. The data is invaluable with regard to the interpretation of the blocks which are available in October for lease."