TGS-NOPEC Awarded Promote Licenses in 23rd UKCS Licensing Round

TGS-NOPEC Geophysical (TGS) says that it, in partnership with UK operator Granby Oil and Gas plc (Granby), has been awarded four promote licenses in the North Sea as part of the 23rd UKCS Licensing Round. TGS holds a 33.33% interest in the new licenses located in the Southern Gas Basin within the following blocks: 26/4 (part); 26/5; 26/9; 26/10 (part); 27/1 (part); 27/6 (part); 42/28c; 43/7, and 44/27b.

The promote licenses have a two-year term and allow TGS and Granby the opportunity to conduct geophysical and geological analyses based on previously acquired data in an attempt to further develop, promote and sell hydrocarbon prospects in the license areas.

TGS-NOPEC Geophysical Company (TGS) is a leading global provider of multi-client geoscientific data, associated products and services to the oil and gas industry. TGS specializes in the creation of non-exclusive seismic surveys worldwide. The company also provides advanced depth imaging solutions and software through its TGS Imaging division. A2D Technologies, a wholly-owned subsidiary, is the energy industry's well log data marketplace offering the largest online database, immediate delivery, conversion services, data management services and worldwide well log data sourcing. The TGS family of companies places a strong emphasis on providing high-quality data and the highest level of service to the industry.

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