TGS Energy Acquisition | M&A Deal

TGS has acquired a multi-client 3D streamer acquisition and processing project, a energy services other platform acquisition in the Norwegian North Sea Åsta Graben, for $321 million. TGS acquisitions expand GeoStreamer coverage with dual azimuth 3D data to generate GeoStreamer X for prospective Central Graben targets. The energy services other acquisition supports exploration and development planning by improving seismic imaging and subsurface interpretation for operators in Oslo and across the Norwegian Continental Shelf. The strategic acquisition is a platform acquisition funded by industry support, scheduled to start imminently with an approximately 75-day duration, reflecting energy M&A demand for high-quality multi-client seismic data.