TGS : TGS Announces Commercial Agreement to Sell Fugro's 2D Multi-client Library

   TGS : TGS Announces Commercial Agreement to Sell Fugro's 2D Multi-client

ASKER, NORWAY (18 March 2013) - TGS-NOPEC Geophysical Company ASA ("TGS")
announces a commercial agreement to sell Fugro's 2D multi-client library. As a
result of this agreement, Fugro provides TGS with an exclusive right to
licence and market the majority of Fugro's multi-client 2D library and receive
commission fees on the sales of this data. 

The agreement covers more than 1,000,000 km of seismic data in areas of great
strategic interest for TGS. While the brokerage agreement provides TGS with
more data coverage in existing focus areas such as Northwest Europe, it also
provides access to a broad range of new client contacts and exposure to seven
new countries/areas where TGS is not active today.

This agreement is effective immediately.

Company summary

TGS-NOPECGeophysical Company (TGS) provides multi-client geoscience data to
oil and gas Exploration and Production companies worldwide. In addition to
extensive global geophysical and geological data libraries that include
multi-client seismic data, magnetic and gravity data, digital well logs,
production data and directional surveys, TGS also offers advanced processing
and imaging services, interpretation products, permanent reservoir monitoring
and data integration solutions.

For more information visitTGS online

Forward-looking statements and contact information

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

For additional information about this press release please contact:

Kristian Johansen
Chief Financial Officer
Tel: +47 47 60 33 34

Will Ashby
Director Investor Relations and M&A

Tel: +1 713 860 2184

Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +47 66 76 99 00

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: TGS via Thomson Reuters ONE
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