Core Insights - TGS has secured two new 4D streamer contract acquisition projects in the North Sea and Norwegian Sea, scheduled to commence in June 2025 with a total duration of approximately 80 days [1][2] - The company now has a total of six 4D streamer contracts planned for the summer season of 2025 on the Norwegian continental shelf, highlighting the demand for its GeoStreamer technology and Ramform acquisition platform [2] Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced technology and solutions across the entire energy value chain [3] - The company provides a comprehensive range of insights to assist clients in making informed decisions, supported by a global and diverse energy data library [3]

Core Points - TGS, a leading global provider of energy data and intelligence, will release its Q4 2024 results on February 20, 2025, at 07:00 a.m. CET [1] - The results presentation will be conducted by CEO Kristian Johansen and CFO Sven Børre Larsen at 09:00 a.m. CET in Oslo, Norway [1] - The presentation will be open to the public and available via live webcast [2] Company Information - TGS provides advanced data and intelligence to companies in the energy sector, utilizing leading-edge technology and solutions across the entire energy value chain [3] - The company offers a comprehensive range of insights to assist clients in making informed decisions, supported by a diverse energy data library [3]

OSLO, Norway (30 January 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of another offshore wind site characterization contract on the UK continental shelf. The contract has a total duration of approximately 30 days and the Ramform Vanguard will mobilize for the project in Q2 2025. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure more offshore wind site characterization contracts. Our geophysical approach for mapping the shallow subs ...

OSLO, Norway (29 January 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of an offshore wind site characterization contract on the UK continental shelf for a repeat customer. The contract has a total duration of approximately 60 days and is scheduled to commence in Q1 2025. The Ramform Vanguard will be used for this project and is equipped with Ultra-high-resolution 3D (UHR-3D) streamers. The streamer technology samples the seismic wavefield at a high spati ...

OSLO, Norway (15 January 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce award of four 4D streamer contract acquisition projects, three in the North Sea and one in the Barents Sea. The 4D campaign in the North Sea is scheduled to commence in early Q2 with back-to-back scheduling and a total duration of approximately 130 days. The 4D contract in the Barents Sea is scheduled to commence in late May with a total duration of approximately 50 days. Kristian Johansen, CEO ...

Core Insights - TGS reported strong utilization of Ocean Bottom Node (OBN) crews in Q4 2024, primarily focused on acquiring 4D production data in the US Gulf of Mexico [2] - The company anticipates organic multi-client investment for Q4 2024 to be around USD 100 million, reflecting project delays impacting investment and vessel utilization [1][2] - TGS announced four significant streamer contract awards in Q4 2024, which are expected to enhance visibility and vessel utilization for the first half of 2025 [2] Operational Metrics - The normalized OBN crew count for TGS in Q4 2024 was 3.5, showing an increase from 2.3 in Q4 2022 [1] - The allocation of active seismic 3D vessel capacity in Q4 2024 was as follows: 35% for contract, 31% for multi-client, 6% for steaming, 6% for yard, and 22% for stacked/standby [1] - The number of vessels remained consistent at 6 throughout 2024, with a peak of 7 vessels in Q3 2023 [1] Upcoming Events - TGS will release its Q4 2024 results on February 20, 2025, at 07:00 a.m. CET, followed by a live presentation at 09:00 a.m. CET [2]

(6 January 2025) – TGS, a global provider of energy data and intelligence announced today the launch of the Dawson Phase III 3D multi-client seismic survey in the Western Canadian Sedimentary Basin. Spanning 141 square kilometers, this new survey will be merged with 121 square kilometers from the existing Dawson Phase II 3D. Field recording has just completed, with Fast Track data expected in the first quarter of 2025 and final delivery in the second quarter of 2025. The project utilizes advanced imaging te ...

OSLO, Norway (20th November 2024) – TGS ASA ("TGS" or the "Company"), a global leader in energy data and intelligence, today announced that it has priced its offering (the "Offering") of $550 million aggregate principal amount of 8.50% Senior Secured Notes due 2030 (the "Notes") at a price equal to 100.0% of the aggregate principal amount thereof. Interest will be payable semi-annually. In connection with the Offering, the Company has also announced that it has entered into new super senior secured credit f ...

Core Viewpoint - TGS ASA announces the launch of an offering of Senior Secured Notes amounting to $550 million, maturing in 2030, as part of its refinancing strategy [1][2]. Group 1: Offering Details - The expected aggregate principal amount of the Senior Secured Notes is $550 million, with a maturity date set for 2030 [1]. - The proceeds from the Offering, along with cash on hand, will be utilized to redeem the entire outstanding amount of the 13.50% senior secured bonds due 2027 issued by Petroleum Geo-Services AS and to repay other existing debt financing [2]. Group 2: Financial Information - TGS has published pro forma financial information and a refinancing overview, which are available on the Company's corporate website [3]. Group 3: Company Overview - TGS is a global leader in energy data and intelligence, providing advanced data and insights to companies in the energy sector, supporting exploration and production of energy resources worldwide [4].

Oslo, Norway (11th November 2024) – TGS ASA, a global leader in energy data and intelligence, is set to meet fixed income investors starting on Monday 11th of November. J.P. Morgan, Danske Bank and DNB Markets are hosting a series of fixed income investor meetings on Monday 11th, Tuesday 12th and Wednesday 13th of November. A transaction may follow, subject inter alia to market conditions. The purpose of the contemplated transaction would be to refinance and/or repurchase existing debt of the TGS group as ...