TGS Awarded Major 3D Streamer Contract by ONGC offshore India
November 20 2024 - 2:00AM
UK Regulatory
TGS Awarded Major 3D Streamer Contract by ONGC offshore India
OSLO, Norway (20 November 2024) – TGS, a leading provider
of energy data and intelligence, is pleased to announce award of a
significant 3D streamer contract for ONGC in the Mahanadi basin on
the East Coast of India. The Ramform Sovereign is scheduled to
mobilize for the survey in January 2025 and the contract has a
duration of approximately six months.
India is a hotspot for streamer seismic and ocean bottom node
work and the contract award strengthens TGS’ position in the area,
underscoring the company’s ongoing commitment to providing the
highest quality data solutions to clients.
Kristian Johansen, CEO of TGS, commented, "We are very pleased
to secure this contract with ONGC, which provides visibility for
the Ramform Sovereign for the first half 2025. We look forward to
supporting them with high-quality seismic data using our Ramform
acquisition platform and GeoStreamer technology. The contract
represents another key milestone in our ongoing efforts to lead the
way in acquiring and delivering high-quality data globally."
For more information, visit TGS.com or contact:
Bård Stenberg
IR & Communication
Mobile: +47 992 45 235
investor@tgs.com
About TGS
TGS provides advanced data and intelligence to companies active in
the energy sector. With leading-edge technology and solutions
spanning the entire energy value chain, TGS offers a comprehensive
range of insights to help clients make better decisions. Our broad
range of products and advanced data technologies, coupled with a
global, extensive and diverse energy data library, make TGS a
trusted partner in supporting the exploration and production of
energy resources worldwide. For further information, please visit
www.tgs.com (https://www.tgs.com/).
Forward Looking Statement
All 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.
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