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TGS Signs Additional Letter of Intent for 3D Vessel

TGS announces that it has signed a Letter of Intent with Polarcus to charter the 12 streamer new build vessel, M/V Polarcus Amani, for 3D multi-client projects in Europe during the 2012 summer season. The charter will begin in mid-April and last for approximately five months.

The details of the individual projects to be completed under this charter will be announced separately.

POLARCUS AMANI is the first of two 12 – 14 streamer 3D seismic vessels ordered in November 2010 from Ulstein Verft AS of Norway. The vessels are being built to the ULSTEIN SX134 design and feature a high ice class (“ICE 1A super”), increased propulsion and other innovative efficiency enhancing features. The two newbuilds are scheduled for delivery end Q1 and end Q2 2012 respectively.

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