TGS Secures Major OBN Acquisition Contract for Gulf of America
A New Chapter for TGS in the Gulf of America
TGS, a frontrunner in energy data and intelligence, is thrilled to announce a significant milestone—a recently awarded OBN acquisition contract in an area renowned for its vast energy resources. The exciting 4D monitor survey is set to kick off in the upcoming months, specifically in the final quarter of the year. This acquisition is expected to last approximately four and a half months, marking a substantial commitment from TGS in its operational capabilities.
CEO Kristian Johansen's Insights
The CEO of TGS, Kristian Johansen, expressed confidence in this new venture, stating that the Gulf of America represents a vital market for the company's OBN services. He highlighted that securing this contract with a repeat IOC client showcases the client’s belief in TGS’s advanced OBN technology. Johansen emphasized the importance of his team’s proven ability to deliver high-quality data and insights promptly, ensuring optimal production rates from one of the client's most productive facilities.
Understanding OBN Technology and Its Benefits
OBN, or Ocean Bottom Node, technology stands at the forefront of energy exploration and production efforts. This innovative method utilizes nodes placed on the ocean floor to collect seismic data. The application of such advanced technology allows for a more profound understanding of subsurface geology, thereby aiding in better decision-making processes. In an industry where accuracy and reliability are paramount, employing OBN technology can significantly enhance the efficiency of energy extraction operations.
The Role of TGS in the Energy Sector
As a prominent player in the energy industry, TGS is dedicated to providing a diverse array of data and intelligence to companies in the sector. The organization leverages cutting-edge technology and solutions that span the entire energy value chain, equipping clients with essential insights to enhance their operational decisions. With a vast library of data, TGS fosters partnerships that support exploration and production activities on a global scale.
Contact Information
For those interested in further information regarding TGS and its services, they can get in touch with:
Bård Stenberg
VP IR & Business Intelligence
Mobile: +47 992 45 235
Email: investor@tgs.com
Frequently Asked Questions
What does the OBN contract entail?
The OBN contract involves acquiring seismic data to optimize production from energy resources in Gulf of America.
When is the survey expected to begin?
The 4D monitoring survey is scheduled to commence in the fourth quarter of the year.
How long will the acquisition last?
The acquisition period for the contract is anticipated to last approximately four and a half months.
Who is the client for this OBN contract?
The client is an IOC that has previously worked with TGS and values their expertise in OBN technology.
How can I obtain more information about TGS?
For more inquiries, individuals can contact TGS directly at the provided email or visit their official website, TGS.com.
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