TGS announces Q1 2025 results

OSLO, Norway (9 May 2025) - TGS today reports interim financial results for Q1 2025. Financial highlights: Strong multi-client performance driven by high interest for data in frontier areasMulti-client investment of USD 130 million supported by solid pre-commitments from clientsSignificant year-over-year improvement in asset utilization secured solid contract revenuesOrder inflow of USD 302 million during Q1 2025 – total order backlog of USD 600 millionStrong cash flow reducing net debt to USD 453 million ...