TGS, or the TGS-NOPEC Geophysical Company, is a leading provider of multi-client geoscience data and services to the oil and gas industry. The company was founded in 1981 and is headquartered in Asker, Norway, with operations in over 50 countries worldwide. TGS is listed on the Oslo Stock Exchange and has a market capitalization of approximately $2.5 billion.
TGS specializes in the acquisition, processing, and interpretation of seismic data, which is used by oil and gas companies to identify and evaluate potential hydrocarbon reserves. The company's multi-client library includes over 500,000 square kilometers of 3D seismic data, as well as a range of other geoscience data products such as well data, gravity and magnetic data, and satellite imagery.
TGS's customers include major oil and gas companies, as well as smaller independent operators and service companies. The company's data and services are used throughout the exploration and production lifecycle, from initial prospecting and exploration to field development and production optimization.
One of TGS's key strengths is its focus on innovation and technology. The company invests heavily in research and development, and has developed a range of proprietary technologies and workflows to enhance the quality and value of its data and services. For example, TGS's Clari-Fi technology uses advanced algorithms to remove noise and enhance the clarity of seismic data, while its Analytics Ready Data (ARD) platform provides customers with pre-processed data that can be quickly and easily integrated into their own workflows.
TGS is also committed to sustainability and social responsibility. The company has a comprehensive environmental, social, and governance (ESG) program, which includes initiatives to reduce its carbon footprint, promote diversity and inclusion, and support local communities. TGS is a signatory to the United Nations Global Compact and has been recognized for its ESG performance by a range of organizations and indices.
In summary, TGS is a leading provider of geoscience data and services to the oil and gas industry, with a strong focus on innovation, technology, and sustainability. The company's multi-client library and proprietary technologies enable it to provide high-quality data and services to a diverse range of customers worldwide, while its ESG program reflects its commitment to responsible business practices.
