TGS-NOPEC Geophysical Company

Ravioli · februar 8, 2023, 3:07pm

Jeg synes nå opp 40 % i år er mer enn sakte og rolig. Vi kan late som det var fordi du sparket i gang en diskusjon her Fremdeles godt stykke igjen til pre-covid-nivåer.

hummels · februar 8, 2023, 3:22pm

Helsike! Har det gått 40% allerede😂 da var det bare meg det gikk sakte og rolig for. Må nesten være noe ekstraordinære forventninger til resultatet som sendte oss så mye opp denne uken?

Ravioli · februar 8, 2023, 4:23pm

Tja, vi har jo oppjustering av kursmål fra Danske bank, fra 153 til 200, selv om de kommer ganske sent til festen.

hummels · februar 9, 2023, 12:00am

Er det noen som har listene fra de siste dagene? Må være noen som har kjøpt seg opp.

TekBot · februar 9, 2023, 5:56am

TGS Signs LOA for Proprietary Sparse Node Survey in the U.S. Gulf of Mexico

OSLO, Norway (9 February 2023) - TGS, a global provider of energy data and
intelligence, today announced that it signed an LOA to conduct a proprietary
sparse OBN survey in the U.S. Gulf of Mexico. The survey is planned to mobilize
…

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in Q2 2023 with a duration of approximately 100 days.

Kristian Johansen, CEO at TGS, commented: “I am pleased to announce another
proprietary OBN acquisition contract. This supports our positive market outlook
and the continued importance of the Gulf of Mexico for our clients.”

About TGS
TGS provides scientific data and intelligence to companies active in the energy
sector. In addition to a global, extensive and diverse energy data library, TGS
offers specialized services such as advanced processing and analytics alongside
cloud-based data applications and solutions.

Forward Looking Statement
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are based upon
assumptions as to future events that may not prove accurate. These factors
include volatile market conditions, investment opportunities in new and existing
markets, demand for licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal customers. Actual
results may differ materially from those expected or projected in the forward-
looking statements. TGS undertakes no responsibility or obligation to update or
alter forward-looking statements for any reason.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)

Kilde

TekBot · februar 9, 2023, 5:57am

TGS and CGG Announce a Dense OBN Survey in Balder and Ringhorne Areas of Norwegian Continental Shelf (NCS)

OSLO, Norway (09 February 2023) - TGS, a global provider of energy data and
intelligence, and CGG, a global technology and HPC leader have been jointly
awarded the acquisition and imaging of a dense ocean bottom node (OBN) multi-
…

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client seismic survey in the Balder and Ringhorne areas of the Norwegian
Continental Shelf (NCS).

The Heimdal Terrace OBN survey, located directly north of the Utsira OBN survey
in the North Sea, will span an additional 500 square kilometer area under
receivers (AUR) to increase the contiguous multi-client OBN coverage in the
region to 3,778 square kilometers AUR. The survey area covers a mature part of
the North Sea, including the Balder and Ringhorne fields, the Iving/Evra and
Enniberg discoveries, and surrounding infrastructure-led exploration (ILX) areas
for potential tiebacks to existing infrastructure.

TGS will be the operator throughout the acquisition phase. The company will
apply its experience and technical expertise in managing many complex OBN
acquisition programs in the North Sea and other regions to provide valuable
insight into enhanced exploration opportunities across this part of the NCS.

CGG will apply its proprietary OBN processing and imaging technology, including
time-lag full-waveform inversion, to create a high-quality 3D volume that will
enhance the resolution and structural definition of the complex geology and
reservoirs in the region.

Kristian Johansen, Chief Executive Officer at TGS, commented, “With this latest
OBN survey, we continue our ongoing commitment to support our customers with the
data they need to maximize the longevity of their production activities and
discover new hydrocarbon reserves in mature areas. This acquisition project will
further cement our leading position in delivering high-quality, multi-client OBN
data to the industry.”

Sophie Zurquiyah, CGG CEO, said, “CGG is pleased to partner with TGS to deliver
this new OBN survey to meet strong industry demand for high-definition seismic
data in this region. Clients continue to recognize the value of our advanced OBN
imaging technology and expertise and the resulting data will support continued
exploration and development in this mature, and very prolific part of NCS.”

The acquisition will commence in April 2023, with final processed deliverables
to be completed by the end of Q2 2024.

The project is supported by industry funding.

About TGS
TGS provides scientific data and intelligence to companies active in the energy
sector. In addition to a global, extensive and diverse energy data library, TGS
offers specialized services such as advanced processing and analytics alongside
cloud-based data applications and solutions.

Forward Looking Statement
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are based upon
assumptions as to future events that may not prove accurate. These factors
include volatile market conditions, investment opportunities in new and existing
markets, demand for licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal customers. Actual
results may differ materially from those expected or projected in the forward-
looking statements. TGS undertakes no responsibility or obligation to update or
alter forward-looking statements for any reason.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)

Kilde

TekBot · februar 9, 2023, 6:01am

TGS Announces Q4 2022 Results

OSLO, Norway (9 February 2023) - TGS today reported interim financial results
for Q4 2022.

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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 ASA (“Magseis”)) at year-end.

The balance sheet remained robust despite continued dividend payments and
significant M&A activity. The cash balance at year-end was USD 189 million, with
a strong working capital position from end-of-year sales. The solid financial
position allows TGS to maintain the quarterly dividend at USD 0.14 (NOK 1.46)
per share in Q4 2022, still allowing for a significant increase in investments
for 2023.

Through the acquisition of Magseis conducted in the quarter, TGS has gained a
leading position in the Ocean Bottom Node (OBN) industry. In combination with
the vast coverage of multi-client data in key mature basins, TGS is well set to
capitalize on the growth in near-field exploration and production seismic.

During the second half of 2022, TGS secured more than USD 140 million of pre-
funding for new investments and more than USD 200 million of multi-client
investments are committed currently. Adding a growing pipeline of further
project opportunities, organic investments in new surveys are expected to be in
the range of USD 320 - 350 million in 2023 (USD 224 million in 2022), with a PoC
early sales rate (measured according to the percentage of completion of the
relevant projects divided by the associated investments) of more than 70% (61%
in 2022).

“This quarter saw a further acceleration of the strong sales seen earlier in
2022. In Q4 2022, we achieved our highest fourth-quarter late sales since 2014.
In addition, we have seen solid growth in order inflow related to new
investments lately, meaning that the multi-client backlog increased
significantly in the quarter. I’m excited to welcome Magseis into the TGS Group.
With the combined portfolio of TGS and Magseis, we are well positioned to
capitalize on the strong growth in exploration activity, both in mature and
frontier areas,” says Kristian Johansen, CEO of TGS.

Financial results

Percentage-of-completion (PoC) revenue (1) amounted to USD 227 million in Q4
2022, a 90% increase from USD 120 million in Q4 2021. The late sales portion of
revenues was USD 137 million, representing a substantial increase compared to
the USD 53 million reported for Q4 2021.

Total IFRS revenue amounted to USD 219 million in Q4 2022 versus USD 105 million
in Q4 2021.

Magseis was consolidated with effect from 11 October 2022 and contributed USD
54 million to revenues after eliminating revenues related to work conducted on
behalf of TGS.

EBITDA was USD 144 million, and the operating result was USD 65 million,
compared to USD 69 million and USD -101 million, respectively, in Q4 2021.

Management webcast presentation

CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at CET
09:00 am today during a live webcast.

Access and registration for online attendees are available by copying and
pasting this link into your browser:
https://channel.royalcast.com/landingpage/hegnarmedia/20230209_1/

A recorded version of the entire presentation will be available on TGS.com
(http://www.tgs.com (http://www.tgs.com/)) after the live event.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Sven Børre Larsen
CFO
Tel: +47 90 94 36 73
E-mail: investor@tgs.com (mailto:investor@tgs.com)

Notes
1 - Percentage-of-completion (PoC) revenue:
PoC revenue are measured by applying the percentage-of-completion method to
Early sales, added to Late sales and Proprietary sales. This is based on the
principles applied prior to the implementation of IFRS 15, Revenue from Customer
Contracts, on 1 January 2018.
Adjustments between IFRS and PoC revenue numbers for Q4 2022:
IFRS reported revenue: USD 219 million

Revenue recognized from performance obligations met during Q4 for completed
projects: USD 23 million

Revenue recognized under PoC during Q4: USD 31 million
= PoC reported revenue: USD 227 million

About TGS
TGS provides scientific data and intelligence to companies active in the energy
sector. In addition to a global, extensive and diverse energy data library, TGS
offers specialized services such as advanced processing and analytics alongside
cloud-based data applications and solutions.

Forward Looking Statement
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are based upon
assumptions as to future events that may not prove accurate. These factors
include volatile market conditions, investment opportunities in new and existing
markets, demand for licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal customers. Actual
results may differ materially from those expected or projected in the forward-
looking statements. TGS undertakes no responsibility or obligation to update or
alter forward-looking statements for any reason.

Kilde

TekBot · februar 9, 2023, 6:07am

TGS Quarterly Dividend

OSLO, Norway (9 February 2023) - Following the authorization from the Annual
General Meeting on 12 May 2022, the Board of TGS ASA has resolved to distribute
a quarterly dividend of the NOK equivalent of USD 0.14 per share (NOK 1.46 per
…

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share) in Q1 2023.

Key information relating to the cash dividend:

Dividend amount and declared currency: USD 0.14 per share (equivalent to NOK
1.46 per share)

Last trading day including right: 15 February 2023

Ex-date: 16 February 2023

Record date: 17 February 2023

Payment date: 2 March 2023

Date of approval: 8 February 2023

Company summary
TGS ASA provides scientific data and intelligence to companies active in the
energy sector. In addition to a global, extensive and diverse energy data
library, TGS offers specialized services such as advanced processing and
analytics alongside cloud-based data applications and solutions.

Kilde

TekBot · februar 9, 2023, 5:15pm

TGS: Mandatory notification of trade

hummels · februar 11, 2023, 12:45pm

FA 11/2: overskrift: Meglerhusene ser støtte oppside i seismikk.

Idf omtales TGS: nye kursmål:

SEB: 240 kr
Carnegie: 230
Danske Bank: 210
ABG S-Collier: 230

Oppturen · februar 13, 2023, 3:55pm

Ser Pareto øyner samme rissiko som jeg påpekte her

Svava · februar 13, 2023, 8:25pm

Under kvartalspresentasjonen til TGS kom det frem at de ikke var bekymret for tilgangen til fartøy. Mener på det var PGS de hadde langsiktig avtale med, og de var også i forhandlinger om ny langsiktig avtale. Jeg lurer derfor på når pareto mener dette blir et problem?

Jeg har forøvrig kun en liten post i TGS. Mesteparten er i PGS.

hummels · februar 13, 2023, 11:07pm

Jeg tror tilgangen til fartøy kan bli et problem om noen år, men det er for tidlig å stresse om det. CMD bli spennende, tror aksjen går opp mot 200 til CMD.

TekBot · februar 16, 2023, 7:58am

TGS: Ex dividend of NOK 1.46 today

TekBot · februar 20, 2023, 6:00am

TGS Announces New Onshore Multi-Client Program in the Midland Basin

OSLO, Norway (20 February 2023) - TGS, a global provider of energy data and
intelligence, today announced Pontiac 3D, a new onshore seismic program in the
Midland Basin. This project will encompass ~167 square miles in Ector, Midland,
…

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Crane, and Upton counties, Texas.

Pontiac 3D sits on the western edge of the Midland Basin and encompasses
historical production from Sprayberry and Wolfcamp intervals, along with
significant accumulations in deep seated structures in the Devonian and
Ellenburger formations. The survey is designed to assist in the evaluation and
horizontal development of multiple zones, including the emerging the Barnett
Shale, Mississippi Lime, and Devonian horizons, which are highly prospective,
with analogous play concepts having been proven just north of Pontiac in Andrews
County. Data acquisition is expected to begin in Q3 2023 with final data
available to clients in early Q2 2024. TGS’ extensive geologic products database
complements Pontiac 3D, which includes interpretive products and data from over
~250,000 wells in the Midland Basin.

Kristian Johansen, CEO at TGS, commented, “We are pleased to add the Pontiac 3D
survey to our expanding Permian Basin library. We continue to leverage our
knowledge and expertise to aid our clients in their exploration and development
activities in the Midland Basin. The data will be processed by TGS utilizing its
modern land imaging technology, including TGS’ Dynamic Matching Full Wave
Inversion, to provide clients with greater reservoir understanding.”

This project is supported by industry funding.

About TGS
TGS provides scientific data and intelligence to companies active in the energy
sector. In addition to a global, extensive and diverse energy data library, TGS
offers specialized services such as advanced processing and analytics alongside
cloud-based data applications and solutions.

Forward Looking Statement
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are based upon
assumptions as to future events that may not prove accurate. These factors
include volatile market conditions, investment opportunities in new and existing
markets, demand for licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal customers. Actual
results may differ materially from those expected or projected in the forward-
looking statements. TGS undertakes no responsibility or obligation to update or
alter forward-looking statements for any reason.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)

Kilde

TekBot · februar 23, 2023, 2:05pm

TGS: Mandatory notification of trade

TekBot · februar 24, 2023, 7:28am

TGS ASA - ownership disclosure

T. Rowe Price Associates, Inc. and its affiliates (“T. Rowe Price”), as described in more detail below, serve as investment adviser to various entities including institutional clients, sub-advised funds, common trust funds and proprietary mutual funds (“Advisory Clients”). T. Rowe Price is making the following disclosure. On 22 February 2023, Advisory Clients of T. Rowe Price loaned 2,353,089 voting shares with a right of recall. This decreased our net ownership below 5% to 5,500,256 common shares or 4.40%, representing 5,415,357 voting rights or 4.33% of TGS ASA. Our aggregate ownership remains above the 5% threshold with a total of 7,853,345 common shares or 6.29%, representing 7,768,446 voting rights or 6.22% of TGS ASA.

Explanation of the T. Rowe Price Organization:
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T. Rowe Price Group, Inc. (“TRPG”) owns 100% of T. Rowe Price Associates, Inc. (“TRPA”). TRPG is a holding company with no physical assets and no independent operations of its own. TRPG is a publically traded company on NASDAQ under ticker TROW. There are no controlling stockholders of this company. TRPG has officers and directors, but no independent employees. All TRPG employees are employees of operating subsidiaries. TRPG does not directly hold any shares of TGS ASA.

TRPA is a wholly-owned subsidiary of TRPG. TRPA is registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment advisor under the Investment Advisers Act of 1940. TRPA does not directly hold any shares of TGS ASA.

Kilde

hummels · februar 26, 2023, 2:31pm

TekBot · februar 27, 2023, 4:05pm

TGS ASA - ownership disclosure

T. Rowe Price Associates, Inc. and its affiliates (“T. Rowe Price”), as described in more detail below, serve as investment adviser to various entities including institutional clients, sub-advised funds, common trust funds and proprietary mutual funds (“Advisory Clients”). T. Rowe Price is making the following disclosure. On 24 February 2023, Advisory Clients of T. Rowe Price recalled all loaned shares. This increased our net ownership above 5% to 7,853,345 common shares or 6.28%. T. Rowe Price’s net ownership of voting rights increased to 7,768,446 voting rights, or 6.21% of TGS ASA.

Explanation of the T. Rowe Price Organization:
…

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T. Rowe Price Group, Inc. (“TRPG”) owns 100% of T. Rowe Price Associates, Inc. (“TRPA”). TRPG is a holding company with no physical assets and no independent operations of its own. TRPG is a publically traded company on NASDAQ under ticker TROW. There are no controlling stockholders of this company. TRPG has officers and directors, but no independent employees. All TRPG employees are employees of operating subsidiaries. TRPG does not directly hold any shares of TGS ASA.

TRPA is a wholly-owned subsidiary of TRPG. TRPA is registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment advisor under the Investment Advisers Act of 1940. TRPA does not directly hold any shares of TGS ASA.

Kilde

TekBot · februar 28, 2023, 6:02am

TGS and SLB Announce Engagement III in the U.S. Gulf of Mexico

OSLO, Norway (28 February 2023) - TGS, a global provider of energy data and
intelligence, in collaboration with SLB, today announced the Engagement III
ultra-long offset ocean-bottom node (OBN) acquisition in Green Canyon, U.S. Gulf
…

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of Mexico.

The 111 OCS block survey is underway, and acquisition is expected to be complete
in April 2023. Following the success of previous projects, imaging uplifts will
be delivered through the application of full-waveform inversion (FWI) velocity
model building utilizing the ultra-long offsets-imaging to be carried out by
SLB with final results expected in mid-2024. Engagement III is the fifth multi-
client ultra-long offset OBN acquisition in the Gulf of Mexico and extends the
data coverage south from prior phases.

Kristian Johansen, CEO at TGS, commented: “TGS and SLB continue to lead the
advancements of ultra-long offset OBN acquisition in the U.S. Gulf of Mexico,
providing the industry with access to marked improvements in image quality in
this geologically complex basin.”

The project is supported by industry funding.

About TGS
TGS provides scientific data and intelligence to companies active in the energy
sector. In addition to a global, extensive and diverse energy data library, TGS
offers specialized services such as advanced processing and analytics alongside
cloud-based data applications and solutions.

Forward Looking Statement
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are based upon
assumptions as to future events that may not prove accurate. These factors
include volatile market conditions, investment opportunities in new and existing
markets, demand for licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal customers. Actual
results may differ materially from those expected or projected in the forward-
looking statements. TGS undertakes no responsibility or obligation to update or
alter forward-looking statements for any reason.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)

Kilde