In addition to our extensive global geophysical and geological data libraries, we also offer advanced processing and imaging services, interpretation products, and robust data-application integration. Access the industry’s largest volume of geoscience data through TGS’ cloud-based web portal, R360.R360 Login
TGS places great emphasis on providing accurate and timely information to the market and shareholders. Our flexible, asset-light business model and ability to adjust costs rapidly continue to allow us to deliver significant shareholder value—even in a difficult market.Learn More
It is our vision to become the leading energy information company with the best people, quality and service. Our unique culture, people and quality library will ensure that when E&P companies think geoscientific data, they think TGS.Discover How
At TGS, we place great emphasis on providing accurate and timely information on our performance and projects to the market and shareholders. Here you can access our latest news, download articles or technical papers from our library, or learn more about our upcoming conferences and events.Discover How
Our most important competitive advantage is our people. The outstanding work of our project developers, geologists, geoscientists, data processors, sales and support people has made TGS the leading multi-client player. They’re the reason TGS delivers superior project quality and financial performance year after year.Discover How
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ASKER, NORWAY (9 January 2017) - Based on preliminary reporting from operating units, TGS management expects net revenues for the fourth quarter of 2016 to be approximately USD 165 million, bringing total estimated net revenues for 2016 to approximately USD 456 million.
As per 31 December 2016 the company's cash balance was approximately USD 189 million.
"We are very pleased with the strong sales from our multi-client library in Q4 with TGS benefiting from year-end spending by many of our clients. This significant increase in late sales demonstrates the seasonality and ongoing volatility in seismic demand in a market where E&P spending is expected to remain under pressure into 2017," commented Kristian Johansen, CEO, TGS.
Please note that guidance for 2017 will be provided in connection with the presentation of the financial results for Q4 2016 at the Capital Markets Day (CMD) in London, UK on 2 February 2016. Please refer to press release of 23 December 2016 for more details about the CMD.
Kristian Johansen (CEO) and Sven Børre Larsen (CFO) will host a conference call on 9 January 2017 at 3:00 pm CET (9:00 am New York time). Attendees may want to call 5-10 minutes before 3:00 pm CET (9:00 am New York time) to ensure registration and access.
Participants will need to quote the following confirmation code when dialing into the conference: 5639245
A Q&A session will follow a short introduction, based upon the press release issued in the morning. To pose a question, please press *1.
A replay of the conference call will be available shortly after. To access replay of the TGS conference call,
A replay of the conference call will also be available at www.tgs.com