TGS, a global provider of energy data and intelligence, has today announced the signing of a Letter of Intent (LOI) with North Africa Geophysical Company, (NAGECO),a subsidiary of the Libya National Oil Corporation (NOC), marking an important step toward expanding multi-client data activities in Libya.
The LOI was signed during a formal ceremony attended by Mr Masoud Suleman, the Chairman of the National Oil Corporation, and MR Maged Elarbed, head of NAGECO. During the event, NOC leadership highlighted that the LOI establishes a framework that enables further multi-client collaboration with TGS, subject to final contractual arrangements and regulatory approvals.
This collaboration reflects a shared commitment to advancing high-quality subsurface data and supporting Libya’s upstream development through modern, fit-for-purpose data and technology solutions.
'This Letter of Intent represents an important milestone in our engagement with Libya and the National Oil Corporation,' said David Hajovsky, Executive Vice President, Multi-Client at TGS. 'We are encouraged by NOC’s confidence in TGS and our multi-client capabilities. Our focus is on delivering trusted data quality, technology and expertise that supports informed decision-making and long-term value creation for Libya’s energy sector.'
TGS has a long-standing track record of delivering multi-client data solutions globally, including seismic reprocessing and integrated subsurface intelligence. The company looks forward to working closely with NOC and its subsidiaries to progress this initiative in line with Libya’s strategic objectives.
Further updates will be provided as the collaboration advances and definitive agreements are finalized.
About TGS
TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).
Source: TGS
