Press Releases

TGS Announces the Launch of Its New Well Log Prediction Tool Analytics Ready LAS (ARLAS)

Oslo, Norway (15 May 2019) – TGS-NOPEC Geophysical Company (TGS) today announced the release of its new well log prediction tool – Analytics Ready LAS (ARLAS).

ARLAS log prediction algorithms, part of TGS’ AI initiatives, will calculate missing log curves and fill in gaps to give customers complete coverage from top to bottom, standardized, and ready for optimal analytic results. Using as little as one Gamma Ray, Bulk Density, Neutron Porosity, Sonic Pwave, or Deep Resistivity curve, TGS’ prediction algorithms can turn every LAS into a complete Quad-Combo suite.

Analytics Ready LAS uses a series of high-density data and blind testing, with over 75 different machine learning models used in each basin, producing incredible details and accuracies well above 90% for most curves.

 “As a technology leader and our commitment to the oil and energy digital transformation, TGS is excited to offer ARLAS to our customers, so they can evaluate large complex areas quickly and more efficiently,” said Arvind Sharma, Vice President, Data & Analytics, TGS. “With the ability to combine ARLAS with additional data inputs for complex modeling and sweet spot detection, E&Ps and investors can now accelerate decision making for acquisitions, prospect generation, development, production and divestment.”

 Complete coverage of all 300,000+ wells in the Permian basin is now available as well as 170,000+ wells in the Anadarko basin. ARLAS will be available to all US onshore areas by the end of 2019.

For more information about ARLAS, visit TGS’ new website TGS.ai or visit the Company at the upcoming American Association of Petroleum Geologists (AAPG) Annual Convention & Exhibition in San Antonio, Texas May 20-22, 2019.

Permian Basin Sonic Log Cross-Section Before and After ARLAS Processing.

For additional information about this media release, please contact:

Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen@tgs.com 

Jaclyn Townsend
Global Director, Marketing
Tel: +1 832-667-4757
Email: jaclyn.townsend@tgs.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