TGS Secures Four-Year Extension for Reservoir Monitoring and Source Acquisition Contract in Norway
November 01 2023 - 1:00AM
TGS Secures Four-Year Extension for Reservoir Monitoring and Source
Acquisition Contract in Norway
OSLO, Norway (1 November 2023) – TGS, the
leading global provider of energy data and intelligence, has been
awarded a four-year extension to a proprietary reservoir monitoring
and source acquisition contract in Norway, with a further option to
extend by another two years.
Kristian Johansen, CEO at TGS, commented: “This project
highlights the value and performance we have delivered over the
years, which has now triggered this long-term extension. Long-term
contracts like this turn our relationships with our clients into a
partnership, where we work together collaboratively to acquire data
for better reservoir development and management decisions.”
TGS' reservoir monitoring and source acquisition services are
renowned for their comprehensive approach, utilizing cutting-edge
technology to gather critical data on subsurface reservoirs. By
delivering real-time information on reservoir behavior, TGS
empowers energy stakeholders to make informed decisions, optimize
resource utilization and promote sustainable energy practices.
About TGSTGS provides scientific data and
intelligence to companies active in the energy sector. In addition
to a global, extensive and diverse energy data library, TGS offers
specialized services such as advanced processing and analytics
alongside cloud-based data applications and solutions.
Forward Looking StatementAll statements in this
press release other than statements of historical fact are
forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are
based upon assumptions as to future events that may not prove
accurate. These factors include volatile market conditions,
investment opportunities in new and existing markets, demand for
licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal
customers. Actual results may differ materially from those expected
or projected in the forward-looking statements. TGS undertakes no
responsibility or obligation to update or alter forward-looking
statements for any reason.
For more information, visit TGS.com or contact:
Sven Børre LarsenChief Financial
Officerinvestor@tgs.com
TGS ASA (TG:TGC)
Historical Stock Chart
From May 2024 to Jun 2024
TGS ASA (TG:TGC)
Historical Stock Chart
From Jun 2023 to Jun 2024