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TGS-NOPEC Establishes Russian Subsidiary, Opens Office in Moscow

TGS-NOPEC Geophysical Company (TGS) announced today that it has formed a Russian subsidiary and opened an office in Moscow.

TGS-NOPEC Geophysical Company (TGS) announced today that it has formed a Russian subsidiary and opened an office in Moscow.  TGS NOPEC Geophysical Company Moscow Limited is located at Donskaya Street, 4, Building 3, Office 206, Moscow, Russian Federation.

The subsidiary will market existing 2D seismic data and well log information in Russia to prospective clients and will promote the generation of new geoscientific data sets to aid in future exploration of the country. TGS and its partners currently have over 100,000 kilometers of legacy 2D seismic, more than 30,000 kilometers of modern seismic, and 16 geologic studies available for license to clients. The company also markets approximately 5,000 well logs and over 50,000 well reports in Russia (see map attached).

"An office in Moscow, capital of the country believed to have the highest undiscovered hydrocarbon resource potential in the world, is an important step for the future growth of TGS", stated  Kjell E. Trommestad, VP & General Director, Europe/Russia.

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. The TGS family of companies places a strong emphasis on providing high-quality data and the highest level of service to the industry.