Press Releases

TGS 2012 guidance

ASKER, NORWAY (10 January 2012) - TGS announces 2012 full year guidance today. 

The guidance is as follows:

  • Multi-client investments  USD 315 - 365 milion
  • Average pre-funding 50 - 60%
  • Average multi-client amortization rate 41 - 47%
  • Net revenues  USD 700 - 760 million
  • Contract revenues approximately 5% of total revenues

To access a presentation on the guidance via webcast go to the Company website at www.tgsnopec.com  

The slides from the presentation are also available in PDF format at both the TGS and Oslo Stock Exchange websites.

CEO Robert Hobbs and CFO Kristian Johansen will also host a conference call on 10 January 2012 at 15:00 CET Norway time (9:00 AM New York time).   Attendees may want to call 5-10 minutes before 15:00 CET (9:00 AM NY) to ensure registration and access.

  • Norwegian attendees are invited to call: +800 560 53 or +47 2350 0486
  • International attendees are invited to call: 0800 279 4841 or +44 (0) 20 7136 2050
  • US attendees are invited to call: +1 877 249 9037  

Participants will need to quote the following confirmation code when dialing into the conference: 6802452 

A Q&A session will follow a short introduction, based upon the presentation 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:

  • dial +47 2100 0498 (Norway) or +44 (0) 20 7111 1244 (International) or +1 347 366 9565 (US) 
  • replay access code 6802452 followed by # (pound-sign) 

A replay of the conference call will also be available at www.tgsnopec.com.

About TGS

TGS provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data product at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

Sven Børre Larsen

Sven Børre Larsen

Chief Financial Officer

Tel: +47 90 94 36 73

Ellen Munkvold

Ellen Munkvold

IR Coordinator

Tel: +47 97 76 26 25