Naersnes, Norway 19 January 2004. TGS-NOPEC Geophysical Company announced today that is has been selected for membership in the Kempen/SNS Smaller Europe Socially Responsible Investment (SRI) Index.
SRI is a designation used by parties having a desire to invest in companies that meet high standards for their practices with employees, the environment and the community in addition to traditional financial performance. The SRI Index is a joint initiative on the part of smallcap investment specialist Kempen Capital Management (KCM) and SNS Asset Management, noted for its SRI analysis.
The SRI Index includes smaller European companies who meet or exceed a set of criteria, subject to frequent audits of performance against these standards.
"Our commitment to excellence expands far beyond meeting financial objectives. We take seriously our responsibilities to our customers, employees, and shareholders as well as to the communities in which we work," stated Hank Hamilton, CEO of TGS-NOPEC. "The SRI designation is a welcome addition to our reputation for responsible corporate stewardship."
TGS-NOPEC is a leading global provider of multi-client geoscience data and associated products and services to the oil and gas industry. TGS-NOPEC specializes in the planning, acquisition, processing, interpretation, and marketing of non-exclusive seismic surveys worldwide. The TGS-NOPEC group places a strong emphasis on providing high quality data and the highest level of service to the industry.
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. These include TGS-NOPEC's reliance on a cyclical industry and principal customers, the company's ability to continue to expand markets for licensing of data, and the company's ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected. TGS-NOPEC undertakes any duty to update forward-looking statements.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).
For additional information, please contact:
John A. Adamick, VP Business Development
Arne Helland, Chief Financial Officer
TGS-NOPEC Geophysical Company ASA
Tel: +47 31 29 20 00/+47 91 88 78 29
Email: arne.helland@tgsnopec.no
Tel: +47 31 29 20 00/+47 91 88 78 29
Email: arne.helland@tgsnopec.no
The full press release including logo can be downloaded from the following link:
