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 TGS.comor contact:
Bård Stenberg
VP IR & Communication
Mobile: +47 992 45 235
investor@tgs.com
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 www.tgs.com).
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.
