TGS TGS-NOPEC Geophysical Company ASA

TGS Awarded 4D Streamer Campaign Offshore Norway

TGS Awarded 4D Streamer Campaign Offshore Norway

OSLO, Norway (15 January 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce award of four 4D streamer contract acquisition projects, three in the North Sea and one in the Barents Sea. The 4D campaign in the North Sea is scheduled to commence in early Q2 with back-to-back scheduling and a total duration of approximately 130 days. The 4D contract in the Barents Sea is scheduled to commence in late May with a total duration of approximately 50 days.  

Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure a series of 4D streamer contracts offshore Norway for the 2025 summer season. Our GeoStreamer technology combined with the Ramform acquisition platform ensures efficient delivery of high-quality data. We are experiencing higher demand for contract work on the Norwegian Continental shelf this year, compared to last. When including our multi-client programs, we will have three streamer vessels working on the Norwegian continental shelf this summer."

For more information, visit or contact:

Bård Stenberg

VP IR & Communication

Mobile:



About TGS

TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit ().

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.



EN
15/01/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TGS-NOPEC Geophysical Company ASA

Felix Fischer ... (+5)
  • Felix Fischer
  • Haidje Rustau
  • Peter Low
  • Si Yong Ng
  • Trung Nguyen

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: TGS ASA, Fedrigoni, Trivium, SIG plc, Loewen Play, Kantar, Omnia Technologies, Tata Motors, Samvardhana Motherson

ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
 PRESS RELEASE

TGS Quarterly Dividend

TGS Quarterly Dividend OSLO, NORWAY (9 May 2025) – Following the authorization from the Annual General Meeting on 8 May 2025, the Board of TGS ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.155 per share (NOK 1.59 per share) in Q2 2025. Key information relating to the cash dividend: Dividend amount and declared currency: USD 0.155 per share (equivalent to NOK 1.59 per share)Last trading day including right: 15 May 2025 Ex-date: 16 May 2025Record date: 19 May 2025Payment date: 2 June 2025 Date of approval: 8 May 2025            About TGS TGS provides...

 PRESS RELEASE

TGS announces Q1 2025 results

TGS announces Q1 2025 results OSLO, Norway (9 May 2025) - TGS today reports interim financial results for Q1 2025. Financial highlights: Strong multi-client performance driven by high interest for data in frontier areasMulti-client investment of USD 130 million supported by solid pre-commitments from clientsSignificant year-over-year improvement in asset utilization secured solid contract revenuesOrder inflow of USD 302 million during Q1 2025 – total order backlog of USD 600 millionStrong cash flow reducing net debt to USD 453 million from USD 500 million at the end of 2024Solid balance ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch