TGS-NOPEC Announces Two New Seismic Surveys in Russia

TGS-NOPEC Geophysical and partners will initiate two new seismic programs offshore Russia beginning in August. In the Sea of Okhotsk near Sakhalin Island, TGS and partner Dalmorneftegeophysica (DMNG) will acquire 8,000 kilometers of multi-client 2D seismic data. The new program will infill the companies' pre-existing seismic grid in the region and extend the program into the Sakhalin 6 area for the first time. In the Barents Sea, TGS and partner New Field Ventures Limited will acquire 7,000 kilometers of multi-client 2D seismic data.

Kjell Trommestad, Vice President-Europe/Russia for TGS said "For the first time TGS is acquiring multi-client seismic in the Russian Barents Sea. We are excited that we are now able to materialize the plan of building up a completely new regional 2D seismic grid in this part of the world. Many geoscientists believe that the Barents Sea is one of the most prospective petroleum provinces in the world."

Both the Sea of Okhotsk and Barents Sea programs are highly pre-funded by the industry. Final data on both surveys is expected to be available by year-end.