TGS-Nopec Teams Up With WesternGeco

TGS-Nopec Geophysical has signed an agreement with WesternGeco under which the parties will jointly invest in new multiclient 3D surveys in Norwegian waters. The agreement will cover planning, acquisition, and marketing/sales of multiclient 3D surveys in Norway during a 32-month period ending December 31, 2004.

Kjell Trommestad, VP & General Director, Europe for TGS-Nopec stated: "The agreement reflects a perfect match combining TGS-Nopec's large multiclient seismic 2D-base, our ability to design, market, and sell seismic projects with the extensive WesternGeco 3D vessel and data processing capacity."

The WesternGeco seismic vessel MV Regent with a 10-streamer capacity is currently mobilizing for the first multiclient 3D project in the Norwegian Sea under the new agreement.