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Tag: TGS
TGS

TGS and Spectrum execute merger agreement and plan

Posted: May 21, 2019 at 4:53 pm   /   Oil & Gas

With reference to announcements on 2 May 2019, TGS-NOPEC Geophysical Company and Spectrum have announced that their respective board of directors have unanimously approved and decided upon a final merger agreement and merger plan in line with the terms previously announced. The merger plan is now to be submitted to and registered by the Norwegian […]

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Red Sea

August cut-off point for Egypt’s Red Sea Offshore Bid Round

Posted: May 11, 2019 at 10:31 pm   /   Oil & Gas

Egypt’s Ministry of Petroleum and Mineral Resources is offering 10 exploration blocks in the Red Sea close to established hydrocarbon production. Closing date for submission of bids is Aug. 1. TGS is supporting the licensing round by making available the following data: 10,318 km (6,411 mi) of Red Sea ’18 (RS18) 2D long-offset broadband seismic, PSTM/PSDM) >16,500 […]

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TGS

TGS acquires Spectrum to create leading multi-client geophysical data provider

Posted: May 4, 2019 at 11:09 am   /   Oil & Gas

Creating a leading multi-client geophysical data provider in all major mature and frontier basins world-wide Transaction establishes fourth main revenue generating hub and fits well with strategic ambition of growing exposure towards South Atlantic Spectrum owns the world’s largest 2D library, which combined with TGS’s financial robustness facilitate for acceleration of 3D investment plans Scale […]

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Polarcus

Marine seismic players optimistic as exploration budgets ‘likely to increase’

Posted: November 3, 2018 at 1:37 pm   /   Oil & Gas

Oslo-listed marine seismic data providers TGS and Polarcus are hoping 2019 will be a year of a more significant recovery for seismic players, as they expect the oil and gas companies to boost their exploration budgets on the back of higher oil prices. The two companies on Thursday posted the results for the third quarter […]

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tgs-schlumberger Red Sea

TGS completes 2D seismic survey in Red Sea off Egypt

Posted: May 11, 2018 at 8:33 pm   /   Oil & Gas

TGS has completed acquisition of a 10,000-km (6,214-mi) 2D long-offset, broadband multi-client seismic survey in the Egyptian Red Sea, and expects to deliver final data in December. The project was part of an agreement with South Valley Egyptian Petroleum Holding Company (GANOPE) that gives Schlumberger and TGS a minimum 15-year period of exclusive multi-client rights […]

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Petroleum Minister visits Chinese geophysical survey vessel at Safaga

Posted: March 11, 2018 at 8:33 pm   /   Oil & Gas

Minister of Petroleum Tarek El-Molla received the Dong Fang Kanten ship in Safaga, which is carrying out the work of the geophysical data collection project on Egyptian economic waters in the Red Sea, implemented by the alliance of WesternGeco-Schlumberger and TGS with investments of $750m. According to El-Molla, the seismic research conducted by the alliance […]

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Polarcus, TGS extend multi-client collaboration & vessel agreement

Posted: January 7, 2018 at 1:49 pm   /   Oil & Gas

Reference is made to the stock exchange release published by Polarcus Limited on 17 October 2016 regarding a multi-client collaboration and vessel agreement with TGS-NOPEC Geophysical Company ASA. Polarcus has extended the agreement with TGS for an additional year. Under the agreement, the companies will continue to jointly develop selected 3D multi-client projects and TGS […]

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TGS, Schlumberger announce Red Sea multi-client 2D seismic survey offshore Egypt

Posted: December 21, 2017 at 2:26 pm   /   Oil & Gas

TGS-NOPEC Geophysical Company (TGS) and Schlumberger today announced a new 2D seismic project offshore Egypt. The project will comprise acquisition of a 10,000 km 2D long-offset broadband multi-client seismic survey. Advanced new acquisition and imaging techniques will provide better illumination of complex subsalt structures. The project will integrate all legacy seismic and non-seismic data. Acquisition […]

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TGS WesternGeco

WesternGeco, TGS win $720m geophysical data contract for Ganope areas in Egypt

Posted: July 11, 2017 at 1:43 pm   /   Oil & Gas

Contract will be signed in two weeks for land areas in Western Desert and Red Sea. WesternGeco Schlumberger and TGS have won contract for the collection of geophysical data in open land areas of Ganoub El-Wadi Petroleum Holding Company (Ganope) in the Western Desert and Red Sea. The two companies will collect the geophysical data […]

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