TGS Enhances Summer Operations in Northern Europe with Vessels

TGS Expands Summer Operations in Northern Europe

TGS, a renowned provider of energy data and intelligence, has reported an exciting summer season ahead in Northern Europe. This year, the company has not only increased its acquisition capacity but has also enhanced its operational efficiency with the deployment of four acquisition vessels in the region: three seismic vessels and one dedicated to offshore wind operations. This strategic move has effectively doubled TGS's capacity compared to the previous year.

Mobilization of Seismic Vessels

The three seismic streamer vessels have mobilized successfully and are actively engaged in production on multiple 4D seismic contracts. This summer, TGS has secured seven significant 4D contracts in Northern Europe, translating to an estimated 280 acquisition days. The company's commitment to innovation does not stop with 4D acquisition projects; they plan to incorporate multi-client data acquisition towards the end of the season, further enriching their data offerings.

Offshore Wind Characterization Efforts

In addition to seismic activities, the Ramform Vanguard has commenced operations for an offshore wind site characterization contract near the UK, designed for a repeat customer. The project is currently on track and, upon completion, the Ramform Vanguard will embark on another similar offshore wind site characterization job, further intensifying TGS's focus on renewable energy solutions.

Successful Crew Mobilization

Earlier this year, TGS mobilized its specialized node-on-a-rope crew to initiate a major contract in Northern Europe. This operation was successfully completed in May, demonstrating TGS’s ability to execute large-scale projects within planned timelines. Carel Hooijkaas, EVP Operations at TGS, expressed enthusiasm about the high level of acquisition activity in Northern Europe.

Commitment to Excellence in Data Services

Carel stated, "The successful mobilization of our vessels and our extensive contract portfolio highlight our dedication to supporting energy companies and addressing their evolving needs. Our advanced technologies, including the Ramform platform, GeoStreamer technology, and Ultra High-Resolution 3D solutions for offshore wind characterization, ensure we deliver top-quality geoscience data to our clients." This dedication to innovation has positioned TGS as a trusted partner within the energy sector.

Company Overview and Contact Information

TGS continues to provide expansive data and intelligence solutions to various companies involved in the energy sector. They harness leading-edge technologies along the energy value chain, offering valuable insights that empower clients to make informed decisions. This capability is supported by an extensive global energy data library that cements TGS's status as a pivotal player in energy resource exploration and production.

For further inquiries or information, individuals can reach out to:
Bård Stenberg
VP IR & Communication
Mobile: +47 992 45 235
Email: investor@tgs.com

Frequently Asked Questions

What is the significance of TGS's summer operations in Northern Europe?

TGS is significantly increasing its operational capacity and efficiency in Northern Europe, emphasizing its commitment to the energy sector.

How many vessels has TGS deployed this summer?

TGS has deployed four acquisition vessels this summer, including three seismic and one offshore wind vessel.

What type of contracts has TGS secured?

TGS has secured seven 4D contracts this summer, reflecting its strong market presence and demand for geoscience data.

Who can be contacted for more information about TGS?

Bård Stenberg, VP IR & Communication, is the point of contact for inquiries related to TGS.

How does TGS support renewable energy projects?

TGS utilizes advanced technologies for offshore wind site characterization, supporting the transition to renewable energy solutions.

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