Norway Clears TGS and PGS Merger
a good dialogue with the Norwegian Competition Authority since announcement of the transaction and is pleased to have received the required clearance today. We now look forward to receiving clearance also from the UK authorities in due course, and moving towards completion of the merge,” said Kristian Johansen, CEO of TGS."The Norwegian Competition Authorities decided in mid-February to assess the TGS-PGS merger transaction in a more detailed phase II review. Our impression is that they have done a thorough assessment, and we are pleased they have now approved the merger,” added Rune Olav
Survey to Assess CCS and New Oil & Gas Opportunities Gets Underway Off Malaysia
uncovering new exploration plays and carbon capture and storage (CCS) opportunities.“We are pleased to be able to collaborate with MPM and our joint venture partners to spearhead exploration in this region through a state-of the-art Geostreamer multi-client 3D acquisition program,” said Kristian Johansen, CEO of TGS."This survey marks a change in how clients use newly acquired multi-client seismic data. In addition to the traditional oil and gas exploration activities, this data will be used to facilitate assessment CCS potential.“By acquiring multi-client seismic data with our Ramform
Sabah Basin Multi-Client Seismic Project Secures Prefunding
by PETRONAS in 2016.“High-quality 2D seismic data across Sabah will be instrumental in promoting future bid rounds. It also allows E&P companies to further assess exploration opportunities in an under-explored proven petroleum system surrounded by prolific hydrocarbon provinces,” Kristian Johansen, CEO at TGS, said.“The 2D multi-client project will provide high-quality seismic data across Sabah. I am very pleased that we have secured pre-funding and we mobilized for the project in November 2023,” added Rune Olav Pedersen, President & CEO of PGS.This project is supported
TGS Grabs OBN Data Acquisition Deal in North Sea
Offshore seismic data firm TGS has secured an Ocean Bottom Node (OBN) data acquisition contract in the North Sea.The three-month OBN data acquisition contract is for a repeat customer, according to TGS.The project's acquisition is planned to begin in the second quarter of 2024.Kristian Johansen, CEO at TGS, said: “This project, for a major energy customer, further highlights the integral role OBN acquisition has in providing our clients improved seismic data quality and help them make better reservoir development decisions.”
TGS Secures OBN Data Acquisition Job in the Gulf of Mexico
Offshore seismic data firm TGS has been awarded an Ocean Bottom Node (OBN) data acquisition contract in the Gulf of Mexico.The project's acquisition will start in the first quarter of 2024.The contract will cover two-month proprietary OBN data acquisition work, TGS informed.Kristian Johansen, CEO at TGS, said: "This project highlights the key role OBN data plays in this vital basin. OBN technology provides the essential data needed to visualize and understand the intricate structures within the Gulf of Mexico, enabling our clients to make well-informed, data-driven decisions in their field
Norwegian Seismic Specialists TGS and PGS Set to Merge
overcapacity, but there are now fewer owners and fewer vessels available, TGS said."The key rationale here is that there are substantial synergies between the two companies, there is going to be really strong multi-client offering and we want to be self-sufficient with vessels," TGS CEO Kristian Johansen told analysts.TGS, previously praised by analysts for its "assets light, cash rich" strategy, said the company needed to change as the multi-client market had shrunk to about one-third of what it was 10 years ago. While PGS is stronger in Europe, TGS' data library is bigger
TGS and SLB Collaborate on Ultra-Long Offset OBN Survey in U.S. Gulf of Mexico
model building utilizing the ultra-long offsets—imaging to be carried out by SLB with final results expected in mid-2024," TGS said.Engagement III is the fifth multi-client ultra-long offset OBN acquisition in the Gulf of Mexico and extends the data coverage south from prior phases.Kristian Johansen, CEO at TGS, commented: “TGS and SLB continue to lead the advancements of ultra-long offset OBN acquisition in the U.S. Gulf of Mexico, providing the industry with access to marked improvements in image quality in this geologically complex basin.”The project is supported by industry
TGS in U.S. Gulf of Mexico 4D OBN Survey
and processing firm TGS said Monday it had signed a memorandum of understanding to carry out a proprietary 4D OBN survey in Walker Ridge canyon in the U.S. Gulf of Mexico. The survey is planned to start in the third quarter of 2023, with a duration of about 100 days, the company said.Kristian Johansen, CEO at TGS, commented: "In January, TGS acquired Magseis Fairfield with the ambition to create a unique offering of robust data processing and imaging quality, best-in-class OBN technology, and a leading multi-client business. "We are excited at the opportunity to enhance our
CGG, TGS Win OBN Seismic Survey Work Offshore Norway
projects around the world and in the North Sea in particular. Our geoscientists will apply this regional insight and our very latest OBN technologies and expertise to deliver the highest-quality OBN images to meet industry needs for the continued exploration and development of the NCS.” Kristian Johansen, Chief Executive Officer at TGS, commented, “TGS remains committed to providing the industry with world-class multi-client OBN surveys. We are leading the way in supporting E&P companies as they seek to maximize resources in regions with strong ILX activity, including those with gas-derive
February 2024
