This is TGS
We are a leading energy data and intelligence company known for its asset-light, multi-client business model and global data collection.
We are the World's Leading Energy Data Company
We employ nearly 1,000 employees, with our corporate headquarters in Oslo, Norway, and our operational headquarters in Houston, Texas, U.S.A. Our other main offices are in the UK, Brazil and Perth, with additional employees located in other cities around the globe. Our stock is traded on the Oslo Stock Exchange and is part of the OBX Index of the 25 most liquid shares on the exchange.
Our primary business provides energy data and intelligence to companies and investors across energy markets. We offer the world’s largest global energy data library, including seismic data, magnetic and gravity data, multi-beam and coring, digital well log and production data, wind energy data, data to identify CCS opportunities, and other types of renewable data. And, with the recent acquisition of Magseis Fairfield, we are now also the world’s leading OBN provider. In addition, we also offer specialized services such as advanced processing and analytics, data management and cloud-based data applications and solutions.
We are responsible to our customers
Two things differentiate us: quality products and world class customer service. Quality is our trademark. We will constantly strive to understand customer expectations and meet those expectations, both promptly and profitably. Our commitment to quality must be apparent in every product and service we sell. Service to our customers, whether internal or external, must be accurate, timely and friendly.
Our single greatest asset is our employee base
We respect the dignity and recognize the merit of each and every employee. We will provide competent management, so our employees have the opportunity to achieve excellence in a safe and healthy working environment every day. We will provide equal opportunity for employment, development and advancement for those qualified. We expect the highest levels of personal conduct from our entire staff, regardless of position. Honesty, integrity, and fairness form the cornerstones of relationships inside and outside the Company.
We are responsible to our communities
We will be good citizens supporting good works and charities. We do not knowingly support any public or private organization that espouses discriminatory policies or practices. We encourage civic improvements and better health, safety and education. We support the UN Universal Declaration of Human Rights and the property we are privileged to use, while protecting the environment and natural resources.
We are responsible to our shareholders
Our business must make a profit. Growth is fundamental to our success. We will continue to expand our product and service offerings to the benefit of future shareholder value. When we operate according to these principles, the shareholders should realize a fair return.
Our Competitive Advantages
Asset - Light
TGS does not own acquisition vessels. Nor do we have seismic crews on the payroll. All data acquisition activity is outsourced, which gives us the flexibility to execute only those projects that meet our investment criteria and align with client goals. We are not influenced by vessel or crew utilization targets. Instead, we only access these resources when needed, and we are free to use the most appropriate vendors and technologies to tackle specific imaging and intelligence challenges. TGS is asset-light, which means low overheads and high stability, regardless of industry cycles.Read More >
While acquisition is outsourced, we process the data in-house. This is how we ensure our customers get the highest quality seismic data. To learn more about our processing services, click here.
TGS is committed to a sustainable future. To review our position on transparency, people and operations, and review our most recent ESG report card, click here.
TGS typically targets projects that will earn sales returns between 2 and 2.5 times the investment. On projects with lower targeted returns, we require high levels of pre-funding to keep the investment attractive.
Renowned Data Collection
TGS has one of the largest and best performing multi-client data libraries in the world. We utilize this data resource both as an ongoing revenue stream and to leverage unique insight using data analytics techniques. In addition, we are committed to developing platforms to enhance data accessibility and empower business decisions
Active Portfolio Management
The multi-client business is a portfolio business. Some projects may underperform and others exceed expectations. A 3D project is a significant financial undertaking, and TGS has the means to invest in a broad portfolio of projects to balance risks and rewards.
TGS has a truly global data collection with a diverse range of data types to serve the expanding needs of the energy industry. We strive to build and maintain leadership positions around the world. Our oil and gas data covers a wide variety of exploration plays including deepwater, pre-salt geologies, the Arctic and North America onshore. Our New Energy data and solutions support the evolving energy transition efforts across the globe. This diversity gives us significant stability and business continuity in the face of shifting markets, regional economic strain and geopolitical challenges.Read More >
Our most important competitive advantage comes from our people. The outstanding work of our team, from data scientists to geoscientists, has made TGS the world’s leading energy data provider. Our people are the reason TGS delivers superior project quality and financial performance, year after year.
While most of our growth has been organic, we have also expanded our business through acquisitions. These opportunities have allowed us to add data processing capabilities and new geoscience data types to our library. TGS will also purchase other multi-client libraries when the price is attractive and where we see strong potential returns.
Core Product Lines
For 40 years, TGS has provided multi-client seismic data to energy companies globally. Over that time, we have built experience in exploration areas worldwide, established a vast global database, and become the leading multi-client data provider. We offer the most current data, acquired and imaged with the latest technologies.
TGS also offers well data products, interpretive studies and services to help energy companies find and develop hydrocarbons. We have the industry’s largest global collection of digital well logs, and our U.S. library has expanded to include nationwide production data, directional surveys and a custom well file database. Additionally, we offer clients robust data-application integration, with advanced platforms, interfaces and adapters.
New Energy Solutions
Our portfolio of data has evolved and expanded to meets the needs of the energy market. Our subsurface data supports the development of renewable energy initiatives such as Carbon Capture, Geothermal and Wind. In addition, our expertise in the collection, curation and extraction of insights from big data empowers our customers to make the best business decisions in a rapidly-evolving environment.
TGS employs the latest processing technologies to deliver the imaging products demanded by energy companies. We invest substantially in developing new proprietary technologies and workflows, which we use to provide imaging solutions directly to clients and to process our own global multi-client database.
TGS has offerings for both 2D and 3D, including depth and time imaging, marine, land, ocean bottom cable and nodes, anisotropic imaging, transition zone, multicomponent, shear wave, 4D time-lapse, and wide-azimuth (WAZ) data processing. Our imaging teams have direct access to our well log database to calibrate seismic and well data.
Recent advancements in FWI technology, provide a step-change imaging solution to reduce cycle times and improve efficiencies – a key differentiator.
To learn more about our imaging services and capabilities, click here.