TGS: Stanley Area Data Available

TGS-NOPEC Geophysical Company (TGS) said that the first results of its Stanley Non-Exclusive 3-D Survey located in the Green Canyon and Atwater Valley areas of offshore Louisiana are now available for delivery to its customers. These initial results cover over 250 OCS blocks with pre-stack time migrated data and over 180 blocks with pre-stack depth migrated (PSDM) data. TGS expects to deliver an additional portion of PSDM data in March.

"Although the Stanley area has historically proven to be a very difficult area in which to produce clear sub-salt images, the technical adjustments we have made to our acquisition parameters combined with state of the art imaging techniques are generating superior results," said Kim Abdallah Vice President NSA New Ventures.

Originally commenced in the spring of 2006, the Stanley program will ultimately cover approximately 550 OCS blocks (approximately 13,000 square kilometers). Based on a number of recent licensing commitments from customers and strong industry interest, TGS has modified the original survey outline. Now highly funded by several oil company participants, the survey encompasses a large number of blocks that will be newly available for both the fall 2007 and spring 2008 scheduled Central Gulf of Mexico lease offerings.

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 provides advanced depth imaging solutions and software through its TGS Imaging division. Well log data is available for conversion, sourcing, management and immediate delivery through TGS subsidiary, A2D Technologies. Multi-client interpretive products and subsurface consulting services are provided through the Company's Aceca subsidiary.

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