OSLO, Norway (26 October 2023) - TGS, the leading global provider of energy data
and intelligence, has been awarded a three-month proprietary Ocean Bottom Node
(OBN) data acquisition contract in the Gulf of Mexico (GoM) for a repeat
customer. The project's acquisition will start in Q4 2023 and reach completion
during Q1 2024.
Kristian Johansen, CEO at TGS, commented: "This project, for a repeat customer,
further highlights the integral role OBN acquisition has in providing our
clients improved seismic data quality and help them make better reservoir
development and management decisions."
In addition to delivering unparalleled seismic data quality, TGS' OBN solutions
offer an array of benefits. These innovative technologies provide clients with
deeper insights into reservoirs, significantly reducing uncertainty in
exploration and development. With the ability to access critical data through
OBN technology, clients can optimize their reservoir management, streamline
decision-making and enhance their overall operational efficiency. This project
marks another milestone in TGS' commitment to delivering cutting-edge solutions
that empower the energy industry to thrive.
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://www.tgs.com) or contact:
Sven Børre Larsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)