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
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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 (2 August 2012) - TGS reports net revenues of USD 215 million in Q2 2012, compared to USD 136 million in Q2 2011, a 58% increase. This is the highest quarterly revenues in the Company's history. Investments were USD 162 million, up 162% from Q2 2011
2nd QUARTER HIGHLIGHTS
6 MONTHS FINANCIAL HIGHLIGHTS
"TGS continues to break records and Q2 2012 is the best quarter in the history of the Company both in terms of revenue and operating profit," TGS' CEO Robert Hobbs stated. "While we see great interest from clients in funding new projects, we are also satisfied to see that our existing library data continues to perform well. Our strong performance in the first half of 2012 along with the acquisition of Arcis and attractive investment opportunities, allow us to further increase our investment and revenue guidance for 2012."
For 2012, the revised full year guidance is as follows:
To access TGS Q2 2012 results information, click on the links below or go to the Company website at www.tgs.com:
Investor Presentation and Webcast
CEO Robert Hobbs and CFO Kristian Johansen will present the results at 08:30 CET on 2 August 2012 at Shippingklubben located at Haakon VII's gt 1 in Oslo, Norway. The presentation is open to the public and can also be followed live on the internet at www.tgs.com.
Q2 2012 Conference Call
CEO Robert Hobbs and CFO Kristian Johansen will also host a conference call on 2 August 2012 at 15:00 CET (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.
Participants will need to quote the following confirmation code when dialing into the conference: 5449761.
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,
A replay of the conference call will also be available at www.tgs.com