Annual Report 2016

  • Letter to Shareholders

    "On behalf of the TGS family, I would like to thank our shareholders and clients for their continued confidence in us. I would also like to thank our employees for all the hard work, passion and client focus during a challenging year for our industry." Kristian Johansen, CEO

    This is TGS

    The Business of Better Decisions. TGS provides the industry with the right data, at the right time, in the right place. Specializing in the design, acquisition and processing of global multi-client seismic surveys; TGS has become the largest and most successful multi-client geoscientific data provider in the world.

    Board of Directors Report

    With an efficient cost base, strong balance sheet and flexible business model, TGS is in a unique position to continue enhancing its status as the world’s leading multi-client geophysical company.


    TGS’ flexible, asset light business model and ability to rapidly adjust costs allow us to deliver significant shareholder value even in a difficult market.

    Corporate Governance

    TGS actively promotes a culture designed to build confidence and trust among its stakeholders. Key elements of this culture include open and honest communication, a well-developed system of controls and policies and a compliance program.

    Investor Relations

    TGS’ strong cash flow enabled us to pay a dividend of USD 59 million to our shareholders in 2016, and we are proud to be one of few international oil service companies which have maintained a dividend throughout the severe down cycle.