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 announces new 2D multi-client acquisition offshore Eastern Canada

TGS announces the expansion of its multi-client library offshore Eastern Canada with plans to acquire more than 36,000 km of 2D seismic data, in partnership with PGS, utilizing two vessels during the 2016 acquisition season. The M/V Sanco Spirit and M/V Atlantic Explorer, utilizing the PGS GeoStrea... Monday, May 2, 2016

TGS reports Q1 2016 earnings and announces intent to maintain quarterly dividend of USD 0.15 per share in Q2 2016

TGS reported net revenues of USD 64 million in Q1 2016, compared to USD 172 million in Q1 2015. Operating profit for the quarter was USD -21 million compared to USD 37 million in Q1 2015, reflecting the new amortization policy for seismic surveys (effective from 1 January 2016) which is based on str... Thursday, April 21, 2016

TGS estimates $64 million net revenues for Q1 2016

Based on preliminary reporting from operating units, TGS management expects net revenues for the first quarter of 2016 to be approximately USD 64 million. With operational investments of approximately USD 53 million and good cash collections in the quarter, the cash balance increased to around USD ... Friday, April 8, 2016

TGS appoints new CEO

The Board of TGS has today announced that Kristian Johansen will succeed Robert Hobbs as Chief Executive Officer on March 11, 2016. After eight years with TGS, including nearly seven years as CEO, Mr. Hobbs has decided to retire. Mr. Johansen joined TGS in 2010 as Chief Financial Officer and was ap... Wednesday, March 9, 2016

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

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