TGS announces commitment to SEG Foundation campaign

Field Camp grants to inspire tomorrow’s geophysicists

3 September  2008—TGS-NOPEC Geophysical and the Society of Exploration Geophysicists (SEG) Foundation today announced a US$500 000 commitment to the Advancing Geophysics Today, Inspiring Geoscientists for Tomorrow campaign. The commitment, to be delivered in five annual installments, will provide grants in support of a growing number of university-sponsored Summer Geophysical Field Camps worldwide.

“TGS is proud to demonstrate its support for geoscience students around the world,” said Hank Hamilton, Chief Executive Officer of TGS. “Geophysics starts in the field. Survey design and execution are essential in our business. SEG and the SEG Foundation understand this. Through their efforts, the number of summer field camps offered to students each year is increasing. We are excited to provide the funding necessary for this pivotal growth.”

For many years the SEG Foundation has provided financial support through the established Projects of Merit process to summer geophysical field camps. In 2008, grants have been provided to nine field camps in the USA, South Africa, Turkey, Romania and Nigeria.

“Thanks to TGS, our efforts at promoting the importance of field experience to a well-rounded geophysical education will significantly impact tomorrow’s student leaders,” said Gary Servos, SEG Foundation Board Chairman. “This leadership investment by TGS will enable the Foundation to increase our level of support to established camps, thus encouraging greater participation, and to foster the initiation of new camps around the world.”

Advancing Geophysics Today, Inspiring Geoscientists for Tomorrow is a comprehensive fundraising campaign that will strengthen the geophysical community worldwide. Launched in 2007 with a goal of $15 million, the campaign will close at the SEG Annual Meeting in November 2008. More information is available at http://www.seg.org/foundation.

About TGS:
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).

About SEG:
The Society of Exploration Geophysicists, the international society of applied geophysics, is a not-for-profit organization that promotes the science of geophysics and the education of applied geophysicists.  SEG fosters the expert and ethical practice of geophysics in the exploration and development of natural resources, in characterizing the near surface, and in mitigating Earth hazards.  The Society, which has 30 000 members in 130 countries, fulfills its mission through its publications, conferences, forums, Web sites, and educational opportunities.  The SEG Foundation is a 501(c)(3) charitable not-for-profit organization that supports the educational mission of SEG.  For more information, visit http://www.seg.org.

Contacts:

TGS-NOPEC Geophysical Company
Arne Helland
Chief Financial Officer
Tel: +47 66 76 99 31/+47 91 88 78 29
E-mail: arne.helland@tgsnopec.no

TGS-NOPEC Geophysical Company
Karen El-Tawil
VP Business Development
Tel: +1 713 860 2100
E-mail: karen.el-tawil@tgsnopec.com

SEG Foundation
Peter Pangman
Director Geophysics
Tel: +1 918 497 5518
E-mail: ppangman@seg.org