TGS


Description

TGS provides multi-client geoscience data and services to oil and gas Exploration and Production companies around the globe. TGS' geophysical and geological data products include multi-client seismic libraries, extensive magnetic and gravity data, the industry's largest global database of digital well logs and regional interpretive products. TGS also provides high-end depth imaging services to help resolve complex seismic imaging problems.

Products & Services

TGS has acquired 2D and 3D multi-client seismic data in North and South America, Europe, Africa, Asia and the Arctic. There is also a database of marine gravity, magnetics and aeromagnetic data. All multi-client data can be viewed through the Data Zone.

Data from marine, land, OBC, transition zone and wide-azimuth acquisition methods are processed by the Imaging Services group, who specialize in 2D and 3D data with products and services including time/depth and anisotropic imaging.

TGS has the industry's largest collection of online well data in areas within North America, South America, Europe, Russia and Africa.

TGS offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists are also available for contract consulting work in geology, geophysics and petrophysics.

Company Background

TGS is a publicly traded company with financial headquarters in Asker, Norway and is traded on the Oslo Stock Exchange under the symbol TGS. The company is led by CEO Robert Hobbs, based out of the Houston, TX, office. TGS has employees based in cities around the globe, which include offices in Asker, Stavanger, Houston, London, Brazil and Perth.The hallmarks of success for TGS over the past 30 years have been dedication to high quality data, exemplary service and strategic global growth in emerging and mature markets. TGS’ company philosophy is to create unique high-quality data collected in the right place at the right time.


Latest TGS News

TGS reports Q4 2015 earnings and announces dividend of USD 0.15 per share in Q1 2016

Following its update on 07 January 2016, TGS now confirms Q4 2015 net revenues of USD 132 million and full year 2015 net revenues of USD 612 million. The Board of Directors has resolved to pay a dividend of USD 0.15 per share in Q1 2016. 4th QUARTER HIGHLIGHTS Consolidated net revenues were USD 132... Tuesday, February 2, 2016

TGS reaches 50% acquisition progress mark on Gigante seismic program, commences Gigante Coring Program in Mexico

TGS announced that it has acquired 93,000 kilometers (50%) of the 186,000 km 2D seismic project, Gigante. Gigante covers the entire offshore sector of Mexico and ties into TGS' regional 2D seismic grid covering the entire US Gulf of Mexico. Interpretation of preliminary data has identified a number ... Thursday, January 28, 2016

TGS announces additions to Canada and U.S. onshore multi-client libraries

TGS, through its wholly-owned subsidiary Arcis Seismic Solutions, announces acquisition of the Chickadee 3C-3D multi-client survey covering 190 km2. The survey, located in West Central Alberta represents an expansion of TGS' existing coverage along the Duvernay fairway and is adjacent to the 722 km2... Thursday, January 21, 2016

TGS announces Q4 2015 revenue of approximately 131 MUSD and guides for 2016

Based on a preliminary review of sales and investments, TGS provides the following update on Q4 2015: Q4 2015 net operating revenues of approximately 131 MUSD, down 56% from Q4 2014 Expected 2015 full year revenues of approximately 612 MUSD, down 33% from 2014 Q4 2015 operational multi-client invest... Thursday, January 7, 2016

TGS - Changes to multi-client library amortization from 1 January 2016

Due to an amendment to IAS 38 Intangible assets, the amortization method for the seismic multi-client libraries will have to change with effect from 1 January 2016. After an extensive process involving industry participants, TGS and PGS have decided to adopt the following changes to the amortizatio... Friday, December 4, 2015

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