TGS ASA (TGS.OL), an energy data and intelligence provider, Wednesday announced that it has been awarded a streamer acquisition contract in Africa.
The company reported that the acquisition process will begin in the fourth quarter of fiscal 2025 and period of the contract is approximately 50 days.
Kristian Johansen, CEO stated, " By leveraging the Ramform acquisition platform, coupled with our proprietary GeoStreamer technology we are well equipped to deliver the highest data quality to our client."
TGS' wide range of products and advanced data technologies combined with diverse energy data library plays a vital role in supporting the exploration and production of energy resources worldwide.
On the Oslo Stock Exchange, the stock closed Tuesday's trading 3.01 percent lower at 74.20 Norwegian kroner.
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