TGS, a leading provider of energy data and intelligence, has announced that a major international energy company has extended its current contracts for the provision of reservoir monitoring and source services related to Permanent Reservoir Monitoring (PRM) and 4D Ocean Bottom Node (OBN) surveys on the Norwegian continental shelf. Both extensions have a nominal five-year duration, until 2030, with options to extend for a further five-year period.
Kristian Johansen, CEO of TGS, commented, 'We are very pleased that our client extends the current contracts for another five-year period, which ensures continuity of our PRM and source business combined with repeat 4D OBN surveys. The contract renewal is a testament that our PRM and OBN services provide the highest quality seismic results in a cost-effective manner.'
For more information, visit TGS.com or contact: Bård Stenberg. VP IR & Business intelligence. Mobile: +47 992 45 235
Source: TGS
