OSLO, Norway (30 August 2023) - TGS, the leading global provider of energy data
and intelligence, today reported a pending award for multiple proprietary Ocean
Bottom Node (OBN) projects in the Gulf of Mexico (GoM). The projects will be
acquired over a 3-year duration. The negotiations and scope will be finalized
during Q3 2023, with the initial project targeted to mobilize in late Q1 2024.
Kristian Johansen, CEO at TGS, commented: "This progress and endeavour towards
confirming a long-term commitment from a major producer in the Gulf of Mexico
and strategic customer reflects our unwavering commitment to innovation and
excellence and highlights our ability to adapt to evolving industry needs
worldwide. Through our continued focus, service quality and commitment to
operating safely and sustainably, we will continue to support the industry to
maximise the potential of existing developments."
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
Forward Looking Statement
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 volatile market conditions, investment opportunities in new and existing
markets, demand for licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal customers. 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.
For more information, visit TGS.com (http://tgs.com/) or contact:
Sven Børre Larsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)