TGS secures major offshore Norway contract extensions until 2030

TGS, an energy data and intelligence provider, has secured five-year contract extensions from a major international energy company. These extensions pertain to reservoir monitoring and source services, specifically Permanent Reservoir Monitoring (PRM) and 4D Ocean Bottom Node (OBN) surveys offshore Norway. The contracts are now extended until 2030, with additional options for a further five-year extension, ensuring long-term continuity for TGS's services.

Kristian Johansen, chief executive of TGS, expressed satisfaction with the renewals, highlighting that the client's decision underscores the high quality and cost-effectiveness of TGS's PRM and OBN services. The extension signifies continued demand for advanced seismic results in reservoir management.

TGS specializes in providing advanced data and intelligence to the energy sector, offering a comprehensive range of insights through leading-edge technology and a global energy data library.