TGS Launches Groundbreaking 3D Streamer Project for Summer 2025
TGS, a prominent player in the energy data and intelligence sector, is thrilled to announce its first 3D streamer contract scheduled for the summer season of 2025. Acquisition efforts are set to begin in May, with the entire project expected to span approximately 35 days. This exciting development marks a significant milestone in TGS's journey within the energy exploration landscape.
CEO Statement on the New Contract
Kristian Johansen, the CEO of TGS, shared his enthusiasm regarding this pivotal contract. He stated, "We are very pleased to secure our first streamer contract job for the summer of 2025. This award highlights our robust market position in Northwest Europe. We are observing an uptick in bidding activity in this region compared to previous years. While our streamer acquisition programs predominantly catered to multi-client projects in 2024, we anticipate a shift towards an increased focus on contract work in 2025. This growing activity in Northwest Europe reflects a larger global demand for our services, particularly scheduled for the first half of 2025. We are eager to aid our clients’ exploration initiatives using our state-of-the-art GeoStreamer technology and the Ramform acquisition platform."
The Significance of the 3D Streamer Contract
The new contract illustrates TGS's commitment to innovation and advancement in technology. With the energy sector evolving rapidly, having access to reliable and cutting-edge data solutions is crucial. The 3D streamer technology allows for a more comprehensive analysis of geological formations, ultimately supporting more informed decision-making for energy exploration. TGS's strategic focus on enhancing its services and technology continues to position the company as a leader in the energy data market.
About TGS and Its Mission
TGS is dedicated to providing high-quality data and advanced intelligence to enterprises operating within the energy sector. The company utilizes cutting-edge technology that encompasses the entire energy value chain. TGS offers a wide array of insights aimed at promoting better decision-making among its clients. By leveraging an extensive and diverse global energy data library alongside innovative data technology, TGS establishes itself as a trusted ally in facilitating the exploration and production of energy resources worldwide.
Contact Information
For more information about TGS and its offerings, shareholders and interested parties are encouraged to reach out to Bård Stenberg, IR & Communication, via mobile at +47 992 45 235 or through email at investor@tgs.com.
Frequently Asked Questions
What is the significance of TGS's new 3D streamer contract?
The contract reflects increased demand for energy exploration services and demonstrates TGS's robust position in the market.
When will the acquisition for the new contract commence?
Acquisition efforts are scheduled to begin in May 2025 and are expected to last around 35 days.
What technology will TGS utilize for this contract?
TGS plans to employ its GeoStreamer technology and the Ramform acquisition platform for this project.
Who can be contacted for more information about TGS?
Bård Stenberg, IR & Communication, can be contacted at +47 992 45 235 or investor@tgs.com.
What does TGS provide to the energy sector?
TGS offers advanced data and intelligence solutions that support energy exploration and production, helping clients make informed decisions.
