MMS Withdraws TGS-NOPEC's Well Data Processing Contract

TGS-NOPEC's subsidiary A2D Technologies has been notified by the MMS that it is withdrawing its earlier notification of award of the digital well data processing contract.

According to the MMS, the withdrawal is due to its misinterpretation of an internal report, not A2D's bid proposal. Due to the misinterpretation, MMS procedures require that all proposals be re-evaluated as previously submitted in their final form. The MMS did not provide a timetable as to how long the re-evaluation process would take.