TGS inks major deep water seismic capacity agreement with Chevron

TGS has announced a three-year capacity agreement with Chevron for marine streamer and OBN acquisition services, effective November 5, 2025. This deal includes a minimum firm commitment of 18 months of combined OBN and streamer acquisition services. The collaboration will cover seismic acquisition for exploration and development projects, leveraging TGS's crews.

The agreement aims to enhance the relationship between the two companies, fostering technology development across various geophysical areas, including survey design, acquisition technology, and data integration. The previously announced St. Malo 4D OBN reservoir monitoring contract in the Gulf of America will be incorporated into this agreement, immediately initiating collaborative efforts.

TGS chief executive Kristian Johansen highlighted the strategic importance of the agreement, noting its role in providing crucial utilization and visibility for both parties. He also emphasized the opportunity for collaboration across TGS's broader service portfolio, supporting Chevron's global exploration and reservoir management strategies.