ASKER, NORWAY (5 April 2018) - TGS publishes its annual report for 2017, including a Corporate Sustainability Report and Declaration of Executive Remuneration.
"In 2017, TGS managed to grow free cash flow before dividend by 35% from 2016 to a level of USD 123 million. The strong cash flow enabled us to pay a dividend to our shareholders of USD 63 million and we are proud to be one of few international oil service companies who have maintained a dividend throughout the severe down cycle. I would like to thank our employees for all of the hard work, passion and client focus during another challenging year for our industry.", commented Kristian Johansen, CEO for TGS.