This is TGS

Leading Energy Data & Intelligence

TGS is a leading energy data and intelligence company, known for its asset-light, multi-client business model and global data collection.

TGS employs approximately 450 employees with its corporate headquarters in Oslo, Norway and its operational headquarters in Houston, Texas, U.S.A. The company’s other main offices are located in the UK, Brazil and Perth, with further employees located in other cities around the globe. The company’s stock is traded on the Oslo Stock Exchange, is part of the OBX Index (25 most liquid shares at the OSE). TGS’ primary business is to provide data and intelligence to companies and investors active in the energy sector. TGS offers extensive global data libraries that include seismic data, magnetic and gravity data, multi-beam and coring data, digital well logs and production data, and new energy solutions data. TGS also offers specialized services such as advanced processing and analytics and cloud-based data applications and solutions.

We Are Energy Data

For over 40 years, TGS has built a strong foundation as a global leader in providing a diverse range of energy data and insights to meet the industry where it’s at and where it’s headed. Our proven technology and innovation, robust business model, and obsession with customer service position us to continue to lead the way in oil and gas opportunities and undertake long-term investments in industries that look to reduce carbon emissions.

Our competitive advantages and core strengths of innovation, people, expertise, quality data, and superior service allow us to provide the right energy data at the right time. We provide our customers with the actionable insights they need to make the best business decisions.

Before taking on investment risks, onshore or offshore, energy companies look for clarity and confidence through subsurface data. TGS geological, geophysical, and engineering data coupled with analytical competencies provide valuable exploration insights, superior imaging of the subsurface, and potential operational challenges ahead of drilling programs or infrastructure development. Our multi-client approach offers ease and flexibility for operators at a substantially lower cost than proprietary models.

Forward-looking, our data supports the development of renewable energy. Leveraging our historical data expertise and coupled with machine learning, compute power, cloud-based applications, and strategic partnerships, we offer the same superior data solutions and insights for new energy investments as we do for oil and gas.

Our Competitive Advantages

Asset-Light

TGS does not own acquisition vessels and equipment. 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.

Quality Processing

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.

Sustainability

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.

ROI Discipline

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.

Geographic Diversity

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.

Superior Team

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.

Strategic Acquisitions

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

Geophysical Data

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.

Geological Data

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. To learn more, click here.

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.

Imaging Services

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.
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_2020 AR

2020 Annual Report

A Comprehensive Look at TGS' Activities and Financial Performance

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TGS Leadership

Click below to learn more about our Leadership:

Executive Team

Board of Directors
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Sustainability

TGS is Committed to All Aspects of Sustainability Within the Company and the Environment

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Our Values

TGS' Statement of Values is to provide a moral and ethical compass to assist and guide us in business situations that arise every day. These standards apply to all our activities in every market that we serve.