- CEO
- Kristian Kuvaas Johansen
- Full Time Employees
- 1,841
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- Askekroken 11 Oslo Norway 0277
- IPO Date
- Oct 8, 2010
- Business
- TGS ASA provides advanced energy data and intelligence services to oil and gas, carbon capture and storage, wind, and other energy companies worldwide; its core offerings include multi-client seismic data libraries encompassing geophysical, geological, well, and production data across mature, emerging, and frontier basins; ocean bottom node (OBN) and GeoStreamer marine acquisition services via seven Ramform vessels; advanced imaging and processing solutions such as 2D/3D seismic, 4D time-lapse, and anisotropic imaging; new energy solutions featuring digitized subsurface models for offshore wind, geothermal, CCS, and solar; cloud-based data applications, analytics, and high-performance computing; and specialized reservoir monitoring with fibre-optic sensing technology like Stingray systems. Founded in 1981 and headquartered in Oslo, Norway, with operational headquarters in Houston, Texas, and key offices in the UK, Brazil, Egypt, Kuala Lumpur, Perth, and elsewhere, TGS operates globally with nearly 2,000 employees and generates the majority of revenue from multi-client sales across its segments of Contract, Multi-client, New Energy Solutions, Imaging, and Shared Services. Recent developments include a three-year capacity agreement with Chevron for streamer and OBN services supporting projects like the St Malo 4D OBN; five-year extensions until 2030 for permanent reservoir monitoring and 4D OBN surveys offshore Norway, with options to 2035; new multi-client surveys such as Pelotas Norte Phase I in Brazil's Pelotas Basin, ultra-long offset OBN in the Gulf of America, and streamer contracts in Indonesia and Africa; an agreement extension with Somalia's government for exclusive marketing of 2D seismic and aeromagnetic data; and a new agreement with the Government of the Union of the Comores for offshore geophysical data licensing.