TGS Secures New 4D Streamer Contracts in Norwegian Waters

Author: Dylan Bailey Updated: 02-10-2025 01:15 AM

TGS Expands Its Project Portfolio with New Contracts

In exciting news for the energy sector, TGS, a renowned name in energy data and intelligence, has recently secured two significant 4D streamer contracts. These projects are set to take place in the offshore waters of Norway, specifically in the North Sea and Norwegian Sea. Both contracts will be executed back-to-back, starting in June and are expected to last approximately 80 days.

Innovative Technology Driving Success

Kristian Johansen, the CEO of TGS, expressed enthusiasm about the new contracts, stating, "We are pleased to secure two new 4D streamer contracts. Now we have a total of six 4D streamer contracts scheduled for the 2025 summer season on the Norwegian continental shelf. The clients value our GeoStreamer technology combined with the Ramform acquisition platform, ensuring efficient delivery of high-quality data." This technology positions TGS as a frontrunner in providing innovative solutions within the energy data landscape.

A Commitment to Quality Data Acquisition

The GeoStreamer technology utilized by TGS is central to the company’s strategy for data acquisition. This advanced method allows them to gather high-quality seismic data effectively and efficiently. TGS’s ability to integrate this technology with the performance of the Ramform platform exemplifies the commitment to excellence that clients in the energy industry have come to expect from them. This integration is vital, allowing for precise data collection which supports the exploration and development of energy resources.

TGS: A Leader in Energy Data Solutions

TGS has established itself as a leader in providing comprehensive data and insights to companies involved in the energy sector. With a broad range of products aimed at enhancing decision-making capabilities, TGS ensures that its clients are well-informed about various opportunities available in the energy market. Their extensive data library, reflecting diverse energy resources worldwide, further solidifies their reputation as a trusted partner for exploration and production activities.

Contact Information for Inquiries

For those seeking further information about TGS or the new contracts, Bård Stenberg, VP of Investor Relations & Communication, is available for any inquiries. Interested parties can reach out via mobile at +47 992 45 235 or email at investor@tgs.com.

Frequently Asked Questions

What are the details of the recently awarded contracts?

TGS has been awarded two 4D streamer contracts for projects in the North Sea and Norwegian Sea, scheduled to commence in June.

How does TGS’s technology enhance data quality?

The GeoStreamer technology, when combined with the Ramform acquisition platform, ensures efficient and high-quality seismic data acquisition.

Who can I contact for more information about TGS?

For inquiries, you can reach Bård Stenberg at +47 992 45 235 or via email at investor@tgs.com.

What is TGS’s role in the energy sector?

TGS provides advanced data and intelligence, aiding companies in making informed decisions regarding energy resource exploration and production.

How many contracts does TGS have for the 2025 season?

With these two new contracts, TGS has a total of six 4D streamer contracts scheduled for the 2025 summer season, enhancing their project capabilities.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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