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Tuesday 01 September, 2009

TGS-NOPEC

TGS Signs Letter of Intent for 3D Vessel





Asker, Norway (September 1, 2009) - TGS-NOPEC Geophysical Company ASA
(TGS) announced today that it has signed a conditional Letter of
Intent with Polarcus Limited to utilize their first released vessel,
the 12 streamer Polarcus Nadia. The charter will begin in December,
2009 and last for approximately 3 months with options for TGS to
extend the charter in two 6 month increments under fixed commercial
terms.

The vessel design incorporates many new and innovative features
ranging from the distinctive ULSTEIN X-BOW® hull to the Selective
Catalytic Reduction (SCR) system, designed to maximize operational
performance and minimize emissions. The sophisticated double hull
design also incorporates a range of advanced safety features
including a DP 2 dynamic positioning system. "We are excited, looking
forward to work with this new, promising vessel provider when
expanding our Multi-Client data library further" Robert Hobbs, TGS
Chief Executive Officer, commented.

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.

TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock
Exchange (OSLO:TGS).
For additional information about this news release please contact:

Karen El-Tawil
VP, Business Development
Tel: +1 713 860 2102
Email: karen.el-tawil@tgsnopec.com

Arne Helland
Chief Financial Officer
Tel: +47 66 76 99 31/+47 91 88 78 29
Email: arne.helland@tgsnopec.no


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