Presentation

TGS is a global geoscience company that provides seismic data and geological products to E&P companies. The company was established in 1998 following the merger of Houston-based TGS and Norwegian NOPEC. TGS has been listed on the Oslo Stock Exchange since 1997. The company has its corporate headquarter in Oslo, Norway and its operational headquarter in Houston, Texas.

TGS is an asset-light multi-client company and outsources all data acquisition. As such, the company does not own any vessels nor equipment, which allows for more flexibility. TGS plans and develops surveys based on industry interest and future sales potential, and charters in vessels and crews to acquire the data.

TGS is an asset-light multi-client company, which allows for more flexibility in operations. TGS plans and develops surveys based on industry interest and future sales potential, and charters in third-party vessels to acquire the data. TGS has built a comprehensive library comprising 1,050 mill sqkm of 3D data and 5,690 mill km of 2D data. The library covers the historical strongholds in US GoM and the North Sea, as well as increased exposure to the South Atlantic Margin and frontier basins following the acquisition of Spectrum in 2019. In addition, TGS offers a large collection of digital well logs, as well as processing and imaging services.