27-Apr-2015 Contract Award: P-Cable HR3D Seismic Data Acquisition Contract with TGS
WGP Group Ltd (“WGP”) has entered into a contract to provide seismic services to TGS-NOPEC Geophysical Company ASA (“TGS”), a provider of multi-client geoscience data products to the Oil and Gas Industry listed on the Oslo Stock Exchange (TGS.OL).
WGP will be acquiring High Resolution 3D (HR3D) data sets in the South East Barents Sea region utilising a 3D P-CableTM system for the project, which is expected to mobilise this month and last up to a maximum of five months. The contract is for an initial three month fixed term.
WGP’s CEO, Mark Burnett commented:
“It is especially satisfying to receive this follow-on data acquisition contract from TGS. The Company’s commitment to the high value added P-Cable system is now bearing fruit and gives us the opportunity for growth in a particularly challenging industry environment.”