TGS Awarded Streamer Contract
TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a streamer acquisition contract in the Mediterranean. A Ramform Titan-class vessel is scheduled to mobilize in the fourth quarter of 2026, with the survey expected to have a duration of approximately 110 days.
Kristian Johansen, CEO of TGS, commented: “We are very pleased to secure this contract award, which extends our streamer acquisition backlog well into the first quarter of 2027. The award reflects continued demand for high-quality seismic data in support of offshore exploration activity. By combining the industry-leading capacity of our Ramform Titan-class vessels with our proprietary GeoStreamer technology, we are well positioned to deliver superior data quality and help our client unlock new resource potential in the Mediterranean.”
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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