Russia: Bering Strait seismic deal signed

TGS NOPEC Geophysical Co. has signed a 3-year sales, marketing, and 2D seismic cooperation agreement with Dalmornefte Geophysica Yuzhno-Sakhalinsk in the Arctic region east and west of the Bering Strait off Russia.

By OGJ editors
HOUSTON, Jan. 4
– TGS NOPEC Geophysical Co. has signed a 3-year sales, marketing, and 2D seismic cooperation agreement with Dalmornefte Geophysica Yuzhno-Sakhalinsk in the Arctic region east and west of the Bering Strait off Russia.

The agreement includes industry-funded 2D operations performed in Russian waters in the third quarter of 2010 that will serve as a foundation for additional work in 2011 and 2012.

It is important for TGS to return to the Arctic region and add data coverage in an area that is believed to hold huge hydrocarbon volumes, TGS NOPEC said.

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