TGS, WAGSCO Open Seismic Data Storage and Processing Facility in Nigeria

TGS-NOPEC Geophysical Company ASA (TGS) and West African Geophysical Seisdata Company (WAGSCO) have opened a secure dedicated facility for data storage, tape copying and seismic processing. Located in Lagos’ Lekki Peninsula area, the operation will serve the ongoing needs of nearby state and private sectors in Oil and Gas exploration.

In addition to standard storage and tape copying tasks, the facility offers data recovery from older media formats, data viewing workstations and high-speed communication facilities for online data inquiry and retrieval. The data center is networked to TGS Imaging’s processing nodes in Houston, USA and Bedford, England, and is able to perform duplication and integrity checks, data transcription, sub-volume extraction, data split/merges and pre-stack work.

“Our Lagos operation is a best-in-class facility, and serves the growing need for data storage and tape services in Nigeria, as well as localized processing capabilities,” commented David Hicks Vice President - Africa, Middle East, Asia Pacific, TGS-NOPEC Geophysical Company. “By partnering with WAGSCO we’ll be able to provide the same level of service to our customers in Nigeria and Western Africa that we do in Houston, London and other locations worldwide. In addition, WAGSCO offers an excellent opportunity to develop local knowledge and technology transfer for the Nigerian O&G industry.”

The partnership between the two companies combines TGS’ quarter century of geophysical data storage expertise and industry-leading seismic processing capabilities with WAGSCO’s local operational capacity and market awareness. The data center facility has integrated fire and security systems and protocols to mitigate loss risks. The facility is in compliance with Nigerian government directives regarding data storage.

TGS-NOPEC Geophysical Company (TGS) is a principal resource for global geoscientific data products and services in the E&P industry. TGS specializes in the design, acquisition and processing of multi-client seismic surveys worldwide and delivers advanced high performance seismic imaging and software solutions. The Company also provides the world’s largest online well-log database, well data management services, multi-client interpretive products and subsurface consulting services to industry. The suite of integrated exploration data products available from TGS is distinctive and unmatched. The Company philosophy is to create unique high-quality data collected in the right place at the right time.

West African Geophysical and Seisdata Company (WAGSCO) is a wholly indigenous limited liability geophysical and data management company incorporated in 2003.

All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principal customers, TGS’ ability to continue to expand markets for licensing of data, and TGS’ ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSE:TGS).

Visit TGS-NOPEC Geophysical Company online at www.tgsnopec.com