Press Releases

TGS Annual Report 2017

ASKER, NORWAY (5 April 2018) - TGS publishes its annual report for 2017, including a Corporate Sustainability Report and Declaration of Executive Remuneration.                                                                                                  

The report can be downloaded from www.newsweb.no or by clicking here.

"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.