TGS

We're pleased to announce the completion of the merger between TGS and PGS, launching a new chapter in our 43-year history. This merger brings together the strengths of both companies with a new Executive team, positioning TGS as the foremost data and services company across the energy value chain. "This is more than a merger of two companies," said Kristian K. Johansen, CEO at TGS. "It's a blending of strengths, uniting our robust financial performance, exceptional customer service, operational excellence, cutting-edge technology and innovation. Our new executive team is poised to drive forward these advancements with a fresh strategic vision, ensuring that our combined expertise translates into greater value for our customers and shareholders; while our new brand identity captures our commitment to being a strategic partner for energy companies worldwide, providing the insights and solutions needed for today and anticipating the challenges of tomorrow." Join us on August 29, 2024, for our Capital Markets Day, where TGS leadership will present more information on the vision for the new company. Read the full release: https://hubs.ly/Q02DV0xR0 #TGS #EnergyStartsWithUs #EnergyData

In this edition of our Weekly Spotlight newsletter, Laura Aristizabal Sanchez announces that well economics data has now launched in the Haynesville Basin and is readily available to all Well Data Analytics (WDA) clients. Laura also explores the factors driving growing interest in the region, such as deeper reservoirs, promising production rates and cost advantages, and highlights how our platform’s customizable benchmarking tools help optimize strategies and maximize investment potential. Read the full article to learn how our WDA platform, through well economics data, provides real-time insights into break-even prices, production rates and well profitability in one of the U.S.'s most prolific natural gas plays. #TGS #WellDataAnalytics #WellEconomicsData #EnergyIndustry

Discover the Jewels of Brazilian Pre-Salt A few months ago, the Brazilian National Petroleum Agency (ANP) approved the bidding rules for Brazil's next pre-salt round, featuring 14 areas in the Campos and Santos basins under the permanent offer initiative. TGS is proud to lead the way with nearly 100% 3D seismic coverage of these blocks in the upcoming production sharing round (OPP). 🎯 Explore the exceptional datasets in our library! Over the coming weeks, we’ll spotlight one of the 14 blocks in the Brazilian Pre-Salt’s OPP each week, showcasing the unique insights these datasets offer. This week, we kick off things off with the Ametista block 💎—a true gem of this bid round and one of the most exciting opportunities. TGS’ dataset (Santos IV 3D) covering Ametista Block is among the most advanced in Brazil, with state-of-the-art processing completed in 2022. The long-offset dataset offers impressive insights into this highly prospective area. Ametista is located in southern Santos Basin where complex rifting history created a massive, mounded structure above the Aptian Salt detachment. Lateral variations in the DM-FWI velocity model display evidence of a porous, fractured carbonate reef, anticline structure with 250 km2 four-way closure, surrounded by karstic topography, v-shaped collapse features, and channel incisions, making it the largest prospect in the 2025 round. Don’t wait—start preparing for the bid round now! Schedule a data viewing with our experts to get in-depth insights and maximize your success: https://hubs.ly/Q02Z9P3l0 Stay tuned as we unveil more treasures in the Brazilian Pre-Salt in the weeks ahead! #TGS #OffshoreBrazil #SeismicData #PreSaltOpportunities #TGS

Successful Refinancing at Attractive Terms TGS has successfully refinanced the legacy PGS debt through a new $550 million senior secured bond issue targeted at US and European investors. This new facility, with an 8.5% interest rate and maturing in 2030, replaces the legacy PGS bond with a 13.5% rate. The 5 percentage points reduction in interest rates, in combination with new credit facilities, generates an annual savings of nearly $30 million for TGS. This strategic move strengthens our financial position allowing us to improve our ability of delivering unparalleled energy data and solutions. Closing of the transaction is expected to be 3 December 2024. Read the full release: https://hubs.ly/Q02Z1y_20 #TGS #FinancialGrowth #EnergyData

TGS Awarded OBN Contract in Europe TGS, a leading provider of energy data and intelligence, is pleased to announce award of an OBN contract in Europe. The company’s node-on-a-rope crew is scheduled to commence acquisition early April 2025 and the contract has a duration of approximately 35 days. Click the link to read the full press release: https://hubs.ly/Q02YTsZW0

Large Language Models (LLMs) are revolutionizing industries with their ability to enhance efficiency, reduce costs, and deliver powerful data insights. In the energy sector, LLMs are transforming exploration and production (E&P) by streamlining operations, analyzing vast subsurface data, and driving innovation in resource management. In his latest article for Offshore Magazine, our EVP of Imaging & Technology, Wadii El Karkouri, discusses how combining data into a single model delivers more comprehensive subsurface insights. Read it here: https://hubs.ly/Q02YT2MJ0 #TGS #EnergyInnovation #AI #FutureOfEnergy

TGS Awarded Major 3D Streamer Contract by ONGC offshore India TGS, a leading provider of energy data and intelligence, is pleased to announce award of a significant 3D streamer contract for ONGC in the Mahanadi basin on the East Coast of India. The Ramform Sovereign is scheduled to mobilize for the survey in January 2025 and the contract has a duration of approximately six months. Read the full press release on this link: https://hubs.ly/Q02YShNZ0

This year's Asia Petroleum Geoscience Conference & Exhibition (APGCE) in KL is set to be a hub of knowledge and innovation, and I am thrilled to be representing TGS, the world's largest energy data provider. Join me at the event where I will be showcasing two insightful posters on East Sabah and Bangladesh this Thursday, 21st. Swing by the TGS booth to delve into the latest in energy exploration and seismic advancements. Can't wait to connect with you all at this exceptional gathering! #energy #exploration #seismic

Join us at the Asia Petroleum Geoscience Conference & Exhibition (APGCE) 2024 in Kuala Lumpur! On November 20th, from 10:30 a.m. to 12:10 p.m., our Executive Vice President of Contract, Nathan Oliver, will participate in the Executive Panel Session on Geophysics. The session, titled "Shaping the Future of Exploration: Incremental Advances or Game-Changing Technologies?" will explore the balance between incremental improvements and groundbreaking innovations in geophysical technologies. Visit us at Booth #A03 to discover how TGS' advanced energy data solutions can support your exploration and energy data journey. Find out more - https://hubs.ly/Q02YJbJJ0 We look forward to connecting with you at APGCE 2024. #TGS #EnergyStartsWithUs #APGCE

Congratulations to the TGS team at NAPE in Lagos last week! Their imaging paper titled '4D FWI - Learnings from Usan Field 4D Monitor Towed Streamer Survey Case Study' won bronze for best paper at this year's event🎉 An impressive achievement for the authors and all those involved! Read the full abstract here - https://hubs.ly/Q02YG-7V0 #TGS #EnergyStartsWithUs #NAPE