TGS-NOPEC Acquires Multi-Client Project Offshore Egypt

TGS-NOPEC Geophysical has completed the acquisition of 8,025 kilometers of multi-client 2D seismic, gravity and magnetic data over the Mediterranean Sea, offshore Egypt. The survey was acquired under a license agreement between TGS, the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian Petroleum Corporation (EGPC). The industry-supported survey was conducted on behalf of the Ministry of Petroleum. This unique program is the first regional multi-client survey to be acquired in the region over the last several years. Data from the program provides high resolution deep imaging (sub-salt) of the Nile delta and surrounding basins as well as providing ties to key wells. Final processed data (pre-stack time migration) and an interpretation of the data set are being marketed by TGS to oil companies ahead of a competitive license round to be conducted in late 2005. The new survey also ties to and forms part of the TGS Mega-Med project providing modern regional 2D data over the east Mediterranean region.
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