October 28, 2021: OSLO, Norway - Further to the announcement on 15 December
2020 (https://www.tgs.com/press-releases/tgs-cgg-pgs-announce-strategic-
partnership-for-shared-multi-client-data-offerings), PGS, CGG and TGS, industry
leaders of multi-client geoscience data, today announce Versal
(https://versalearth.com/) - a unified seismic data ecosystem giving access to
three of the world's largest multi-client libraries via a single log-in.
Versal is an independent, secure, cloud-based, multi-client seismic data
ecosystem where clients can easily access all their data and entitlements in one
place. As a result, E&P teams can now capitalize on their interpretation and
analysis workflows for their subsurface projects by leveraging a seamless
licensed data experience that takes minutes rather than days, enabling maximum
efficiency and opportunity generation.
Rune Olav Pedersen, President and CEO of PGS said: "We believe that energy
companies' workflows will be transformed with Versal, enabling them to achieve
their goals through rapid access to secure cloud-based multi-client seismic data
and entitlements. Versal has created an environment that will benefit both the
consumers of seismic data and the data providers over the longer term. We are
proud and excited by the launch of this successful industry-wide digitalization
initiative."
Sophie Zurquiyah, CEO, CGG, said: "Versal is unique in streamlining industry
access to more than 70% of the seismic multi-client market through a vendor-
neutral, cloud-based common ecosystem. We are pleased to work together with TGS
and PGS to bring this needed service to the market and offer client teams an
easier and more efficient way to access the data they need to identify new
opportunities and optimize field performance."
Kristian Johansen, CEO at TGS, said: "This landmark collaboration with CGG and
PGS provides a foundation for our clients to universally view, access and build
innovative subsurface workflows at the click of a button. Versal's ability to
improve decision-making with less uncertainty, underpins its initiative to
provide the best customer service to our clients and future clients. I look
forward to Versal's evolution to increase data richness for users."
About PGS
PGS ASA and its subsidiaries ("PGS" or "the Company") is a focused marine
geophysical company that provides a broad range of seismic and reservoir
services, including acquisition, imaging, interpretation, and field evaluation.
The Company MultiClient data library is among the largest in the seismic
industry, with modern 3D coverage in all significant offshore hydrocarbon
provinces of the world. The Company operates on a worldwide basis with
headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock
exchange (OSE: PGS). For more information, visit PGS.com or contact:
Bård Stenberg
VP IR & Corporate Communication
Mobile: +47 992 45 235
E-Mail: bard.stenberg@pgs.com (mailto:bard.stenberg@pgs.com)
About CGG
CGG (www.cgg.com (http://www.cgg.com)) is a global geoscience technology leader.
Employing around 3,700 people worldwide, CGG provides a comprehensive range of
data, products, services and solutions that support our clients to more
efficiently and responsibly solve complex natural resource, environmental and
infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN:
0013181864).
CGG offers a comprehensive portfolio of multi-disciplinary, multi-client
products, including the industry's most recent and technologically advanced
seismic data library in the world's key locations. For more information, visit
CGG.com or contact:
Christophe Barnini
Group Communications & Investor Relations
Tel: + 33 1 64 47 38 11
E-Mail: christophe.barnini@cgg.com (mailto:christophe.barnini@cgg.com)
About TGS
TGS provides scientific data and intelligence to companies active in the energy
sector. In addition to a global, extensive and diverse energy data library, TGS
offers specialized services such as advanced processing and analytics alongside
cloud-based data applications and solutions. For more information, contact:
Jaclyn Townsend
Director, Corporate Marketing at TGS
Email: jaclyn.townsend@tgs.com (mailto:jaclyn.townsend@tgs.com)