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
Products & Services featured content CTA would go in this area, promoting some of the company’s latest accomplishments.Products & Services featured content CTA would go in this area, promoting some of the company’s latest accomplishments.Discover How
ASKER, Norway (20 December 2019) – TGS, along with its joint venture partner PetroData, is pleased to announce Nigeria’s first regional multi-client Multibeam and Seafloor Sampling (MB&SS) Study.
The study will cover an area of approximately 80,000 square kilometers of the offshore Niger Delta and will incorporate around 150 cores from the seabed,whose location is based on multibeam backscatter anomalies. Much of this area is also covered by TGS’ NGRE19 2D seismic data that was reprocessed earlier in 2019 to take advantage of the latest seismic imaging techniques. Final results of the new MB&SS program will be available early in Q2 2020.
Kristian Johansen, CEO at TGS, commented, "The data generated from SeaSeep technology is proving to be a complementary and valuable addition to our multi-client library. The multibeam, coring and geochemical analysis provides our customers with further insight into and understanding of regional prospectivity. Following its successful implementation in the Gulf of Mexico, Brazil and across the MSGBC Basin, we are pleased to expand the use of this technology into West Africa’s most prolific hydrocarbon province.”
Graham Mayhew, VP – Africa, Mediterranean and Middle East at TGS, and Wole Shebioba, Managing Director at PetroData Management Services Ltd added, “We are excited to commence Nigeria’s first regional offshore multi-client program in nearly a decade. The deep water area offers vast potential, with plenty of open acreage opportunities. This program will help de-risk the offshore region and speed up exploration decision-making in an area which is likely to see a growing level of licensing activity in the near future.”
This project is supported by industry funding
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.
For more information, visit TGS.com or contact:
Dean Zuzic, Chief Financial Officer, Dean.Zuzic@tgs.com