TGS ASA - Company Profile
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TGS ASA (TGS), formerly TGS-NOPEC Geophysical Co ASA, is a provider of multi-client geoscience data to oil and gas exploration and production companies. The company offers a range of global geophysical and geological data libraries including multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys. It also offers advanced processing and imaging services, interpretation products, and data integration solutions. TGS invests in multi-client data projects in frontier, emerging and mature markets across the world that make up a data library of seismic imaging, well data and interpretive products and services. The company has operations in the Europe, Americas, Africa, the Middle East, and Asia-Pacific. TGS is headquartered in Oslo, Norway.
Headquarters
Norway
Address
Askekroken 11, Oslo, 0277
Website
www.tgs.com
Telephone
47 2 2550400
No of Employees
908
Industry
Energy and Utilities
Ticker Symbol & Exchange
TGS (OSL)
Revenue (2023)
$794.3M
10.8%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-75.3%
(2023 vs 2022)
Market Cap*
$1.7B
Net Profit Margin (2023)
XYZ
-77.7%
(2023 vs 2022)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Products | Imaging | Clari-Fi |
| Geophysical Data Services: | Depth and time imaging | LOG-LINE Plus |
| Seismic data | Marine, land, ocean bottom cable and nodes (OBC & OBN) | Stingray PRM system |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company and Enertel entered into a partnership to supply an integrated solution to provide access to TGS-licensed well data through Enertel’s QuantumCast software platform. |
| 2024 | Regulatory Approval | In February, the company and PGS ASA secured regulatory approvals to merge. |
| 2024 | Contracts/Agreements | In February, the company partnered with SLB to expand its multi-client Ocean Bottom Node data portfolio in the US Gulf of Mexico. |
Competitor Comparison
| Key Parameters | TGS ASA | CGG SA | PGS ASA | Electromagnetic Geoservices ASA | Dolphin Drilling A.S.A. |
|---|---|---|---|---|---|
| Headquarters | Norway | France | Norway | Norway | Norway |
| City | Oslo | Paris | Oslo | Oslo | Sandnes |
| State/Province | - | Ile-de-France | - | - | - |
| No. of Employees | 908 | 3,416 | 900 | 72 | 262 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Christopher Finlayson | Chairman | Executive Board | 2022 | - |
| Kristian Johansen | Chief Executive Officer | Senior Management | 2016 | - |
| Sven Borre Larsen | Chief Financial Officer - Interim | Senior Management | 2021 | - |
| Tana Pool | Executive Vice President - Legal and General Counsel | Senior Management | 2019 | - |
| Carel Hooijkaas | Executive Vice President - Acquisition | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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