TGS.ol,, TGSNF.pk
Asker, Norway, January 14th, 2008 - The Board of
Directors of TGS-NOPEC Geophysical Company (TGS) is
pleased to announce that Robert S. Hobbs will join
the company on January 25, 2008 as Chief Operating
Officer reporting directly to Hank Hamilton, Chief
Executive Officer. Based in Houston, Mr. Hobbs will
be responsible for the worldwide operations of TGS.
Mr. Hobbs joins TGS after one year as Manager,
Worldwide Geoscience with Marathon Oil Company.
Prior to this he spent nine years with Veritas DGC
in a wide range of roles including President &
Managing Director of the company`s wholly owned UK
subsidiary, where he was responsible for all
product lines in the Europe, Africa, Middle East,
and former Soviet Union region. He also worked ten
years as both a geologist and a geophysicist with
ARCO Oil and Gas, Exxon, and Union Texas Petroleum.
Mr. Hobbs holds a M.Sc. degree in Geology from the
University of Southern California.
`As a result of the rapid global expansion of our
business, we are strengthening our top management
team, allowing Hank more time to focus on strategic
issues. Robert`s experience and profile represent
an excellent match with our existing team`, said
Claus Kampmann, Chairman of TGS.
`We feel very fortunate to be able to attract an
executive of Robert`s caliber`, added Hank
Hamilton. `I look forward to working closely with
him to build an even stronger 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.
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 (OSLO: TGS).
For more information about this news release,
please contact:
Arne Helland
Chief Financial Officer
Tel: +47 66 76 99 31/+47 91 88 78 29
Email: arne.helland@tgsnopec.no
John Adamick
VP Business Development
Tel: +1 713 860 2100
Email: jada@tgsnopec.com
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