Press Releases

TGS Awarded Five-Year Contract Extension by BSEE

Houston, Texas (5 Aug 2019) – TGS-NOPEC Geophysical Company (TGS) has been awarded a five-year contract for Digital Well Log Data Processing with the United States Department of the Interior, Bureau of Safety and Environmental Enforcement (BSEE), a federal agency tasked with overseeing offshore oil and gas activities. TGS has been providing Digital Well Log Data Processing services to BSEE since 2004.

BSEE requires complete, defect-free sets of processed, high-quality open-hole digital well log data and contracts companies to serve as an agent of BSEE for the processing, storage, and delivery of this data. TGS is the official release agent for new offshore well data and does all the digital well log processing for all four BSEE regions (Gulf of Mexico, Pacific, Alaska, and Atlantic). 

Carl Neuhaus, Vice President – Well Data Products at TGS said “We greatly appreciate the continued trust placed in TGS by BSEE and are proud to better serve our national oil and gas industry by further expanding our data availability. Our engagement is perfectly aligned with our mission to enable our customers to hit the ground running by accessing the largest library of high quality subsurface data in the industry.”

The TGS well data library includes more than 1.6 million immediately available LAS files, as well as over 6.2 million raster log images in the United States, in addition to a broad spectrum of other well-related data and geoscience interpretation products.

For additional information about this media release, please contact:

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