Press Releases

Up-to-Date Business Announcements from TGS

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TGS Welcomes the Federal Republic of Somalia’s Ratification of the Petroleum Law, Paving the Way for License Round Completion in 2020

20 February 2020

Asker, Norway (20 February 2020) – The Federal Republic of Somalia has confirmed that the country’s Petroleum Law has been ratified by His Excellency, President Mohamed Abdullahi Farmajo. The Presidential Ratification is a landmark moment in the development of Somalia’s natural resources, which.

TGS Completes One Survey and Commences Another Offshore Senegal

19 February 2020

Asker, Norway (17 February 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, has today announced that it has completed the acquisition of its latest 3D survey offshore Senegal, SN-UDO-19. This latest stand-alone survey is located in.

TGS Announces New Chief Financial Officer (CFO)

17 February 2020

Asker, Norway (17 February 2020) – TGS has today appointed Fredrik Amundsen as the new Chief Financial Officer (CFO) of the company. He has been with the company for 16 years and comes from the position as Executive Vice President (EVP) Europe at TGS.

TGS Announces Eastern Delta Refocus Imaging Program in U.S. Gulf of Mexico

13 February 2020

Asker, Norway (13 February 2020) - TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced the Eastern Delta Refocus 3D OBS (Ocean Bottom Seismic) imaging program in the U.S. Gulf of Mexico.  This reprocessing project marks the next.

TGS Quarterly Dividend

12 February 2020

ASKER, NORWAY (12 February 2019) - Following the authorization from the Annual General Meeting on 8 May 2018, the Board of TGS NOPEC Geophysical Company ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.375 per share (NOK 3.47 per share) in Q1 2020.

TGS announces strong cash flow and 39% dividend growth

12 February 2020

ASKER, NORWAY (12 February 2020) - TGS today reported net segment revenues* of USD 232 million for Q4 2019, a growth of 23% compared to USD 188 million in Q4 2018. The strong performance was mainly driven by improved sales momentum in Latin America and North America.

TGS Begins Acquisition of Two New Onshore 3D Seismic Projects

06 February 2020

Asker, Norway (6 February 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, announced today it has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin and Ravenclaw 3D in the Edson area of.

Q4 2019 Presentation and Webcast

04 February 2020

ASKER, NORWAY (4 February 2020) - TGS will release its Q4 2019 results at approximately 07:00 CET on 12 February 2020. CEO Kristian Johansen and CFO Dean Zuzic will present the results at 09:00 CET at the Felix Conference Center, Aker Brygge, Oslo, Norway. The presentation is open to the public and.