An announcement from TGS Nopec Geophysical Company ASA ( ($GB:0MSJ) ) is now available.
TGS’s Q4 2024 operational update highlights robust utilization of its Ocean Bottom Node crews, primarily focused on acquiring 4D production data in the US Gulf of Mexico. Despite project delays affecting multi-client investments and vessel utilization, the company reported solid multi-client performance for the quarter and the full year 2024. TGS secured four significant streamer contract awards, enhancing visibility and vessel utilization for the first half of 2025.
More about TGS Nopec Geophysical Company ASA
TGS is a leading provider of advanced data and intelligence services for the energy sector. The company offers a comprehensive range of products and solutions that span the entire energy value chain, assisting clients in making informed decisions. With a vast and diverse global energy data library, TGS is recognized as a trusted partner in supporting exploration and production activities worldwide.
YTD Price Performance: 3.93%
Average Trading Volume: 54,846
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK23.38B
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