On January 5, 2023, Magseis Fairfield, the industry leader in OBN acquisition and technology, was acquired by TGS, a global provider of energy data and intelligence. The acquisition creates an opportunity for two companies with a shared commitment to innovation and customer service to unite to enhance their partnership with clients and partners.
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TGS has reported interim financial results for Q4 2022. The results reflected the significant market improvement seen during 2022, driven mainly by strong late sales growth of 159% y/y. Furthermore, the quarter showed solid order inflow, and the total contract backlog (IFRS) was USD 567 million (including Magseis Fairfield) at year-end.
OSLO, Norway (6 February 2023) - TGS, a global provider of energy data and intelligence, today announced that it signed an LOA to conduct a proprietary 4D OBN survey in Walker Ridge canyon in the U.S.