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
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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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SKER, NORWAY (8 July 2013) - Based on current and forecasted activity levels, TGS expects annual multi-client investments and prefunding levels to be slightly lower than originally communicated in January 2013. Multi-client investments in Q2 are expected to be approximately USD 110 million corresponding to USD 236 million year to date. The Q2 investments had an average pre-funding ratio of 39% (42% year to date). Based on a review of the investment plans for the remainder of the year, TGS expects total investments of USD 520 - 590 million with a pre-funding ratio of 40% - 50%. Originally the guidance was investments of USD 530 - 600 million with average pre-funding of 50% - 60%. As a result of the revised investment plan, net revenues for 2013 are expected to be USD 920 - 1000 million.
Net revenues in Q2 are expected to be USD 210 million, reflecting continued strong demand for the TGS data library.
The revised guidance is as follows:
The full 2nd quarter earnings release is scheduled for 1 August 2013