TGS-NOPEC Again Expands GoM Multi-Client 3D Project

TGS-NOPEC Geophysical has secured additional client pre-funding and will expand again its ongoing Gulf of Mexico multi-client 3D seismic survey referred to as Deep Resolve. Located in the heart of the deep gas exploration trend, the project is now double its originally announced size and covers an equivalent area of 400 OCS blocks (8400 square kilometers) in the Ship Shoal, South Timbalier, Grand Isle and Ewing Bank areas of offshore Louisiana (see map).

Acquisition of the enlarged project is now expected to be completed in July 2005. Deliveries of processed Deep Resolve pre-stack time migrated data commenced in January 2005. Regular shipments of data will be made over the next few months. The previously announced pre-stack depth migration of Deep Resolve utilizing TGS Imaging's latest wave equation depth imaging techniques is also progressing on schedule.