TGS Expands Energy Data Projects in Norwegian Barents Sea

TGS Unveils New Project in the Barents Sea

TGS, a prominent figure in energy data and intelligence, has announced an exciting new venture focused on a multi-client 3D streamer acquisition and processing project in the rich Goliat area of the Barents Sea. This expansive GeoStreamer survey is set to cover approximately 1,600 square kilometers, incorporating recent discoveries like Countach, Elgol, and Lupa. This endeavor aims to build upon TGS' existing extensive dataset in the Goliat region, a key area within the highly productive Hammerfest Basin.

Project Overview

The anticipated Hammerfest Basin 3D project is scheduled to kick off early in the upcoming summer season, marking a significant step forward in TGS's mission to enhance energy data services. Kristian Johansen, the CEO of TGS, expressed enthusiasm about this initiative, stating, "The Goliat area is a key hotspot in the Norwegian Barents Sea, demonstrating remarkable drilling achievements and promising discoveries. Securing funding for further 3D acquisition in this strategic part of the Norwegian Continental Shelf is a great success for our upcoming summer season."

Industry Support

This multi-client project finds robust support through industry funding, reflecting a shared vision of advancing exploratory activities in the region. This backing not only underscores market confidence in the project but also highlights the collaborative spirit within the energy sector.

Strategic Importance of the Barents Sea

The Barents Sea is recognized as a region with significant oil and gas potential, making it a focal point for exploration and production activities. The introduction of TGS’s new project aims to further position the company as a leader in providing critical geological data in such a promising maritime area. By enhancing the existing high-quality data available, TGS aims to assist companies in making informed decisions for their exploration and development efforts.

Commitment to Innovation

TGS strives to stay at the forefront of technology in the energy sector. This project will leverage cutting-edge data acquisition methods and sophisticated processing techniques. The aim is to deliver superior insights that empower clients to optimize their exploration strategies and maximize resource recovery efficiently.

Continued Growth and Expansion

As TGS continues to expand its portfolio of offerings, this project emphasizes the company’s commitment to providing comprehensive energy data solutions. With a broad range of products and extensive data libraries, TGS serves as a trusted partner for energy companies worldwide. The upcoming Hammerfest Basin project represents a notable addition to TGS's ongoing efforts to support client decision-making within the dynamic energy landscape.

Contact Information for TGS

For further inquiries and detailed information about TGS’s initiatives or specific offerings, interested parties can reach out to:

Bård Stenberg
VP IR & Communication
Mobile: +47 992 45 235
Email: investor@tgs.com

Frequently Asked Questions

What is the focus of TGS’s new project in the Barents Sea?

The project focuses on a multi-client 3D streamer acquisition and processing initiative aimed at collecting and processing geological data in the Goliat area.

When is the Hammerfest Basin project scheduled to begin?

The Hammerfest Basin 3D project is set to commence early in the summer season.

Who is supporting the TGS project financially?

The multi-client project is supported by industry funding, reflecting a strong confidence in TGS’s objectives.

What regions does TGS serve?

TGS serves energy companies globally, providing advanced data solutions throughout the energy value chain.

How can I contact TGS for more information?

You can contact Bård Stenberg, VP IR & Communication, via email at investor@tgs.com for any inquiries or further information.

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