TGS ASA (TGS.OL) Monday announced that it has been awarded an Ocean Bottom Node or OBN acquisition contract in the Gulf of America. The Argentinian provider of energy data and intelligence added that the 4D monitor survey will begin in the fourth quarter of this year and is expected to be completed in around 4.5 months.
Commenting on the deal, Kristian Johansen, CEO, TGS, said, "The Gulf of America is a core market for our OBN business, and we are very pleased to secure this contract for a repeat IOC customer. The client values our OBN technology, and in combination with our proven track record of project execution and timely delivery, they are confident we will deliver high-quality data and insights to optimize production from one of their highest producing facilities in the Gulf of America."
Recently, the company said that it has been awarded a streamer acquisition contract in Africa. The acquisition process will begin in the fourth quarter of fiscal 2025 and the contract will run for around 50 days, it added.
On the Oslo Exchange, the stock is up 4 percent on Monday's trading at 78.80 Norwegian Kroner.
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