TGS, Axxis Geo Solutions in North Sea OBN seismic pact

One of AGS' vessels. Image: Wikimedia

TGS announces a strategic collaboration with Axxis Geo Solutions (AGS) for multi-client ocean bottom node projects in the North Sea. According to TGS, the area of mutual interest covers the core part of the central North Sea up to and including the Utsira area.

“Under this agreement, the parties will work together to develop opportunities to co-invest in multi-client ocean bottom node projects. TGS will have a right to process all new node data acquired under this collaboration,” TGS said,

AGS is a Norwegian company focusing on the ocean bottom seismic market. The company has a proprietary technology-agnostic node handling system and is currently operating four vessels with more than 9,000 nodes. According to TGS, he AGS management team has experience of executing more than 100 surveys in over 20 countries.

“[AGS’] technology and capabilities are complementary to TGS multi-client experience, client relationships, existing data and subsurface knowledge in this region. As part of this collaboration, TGS will join the 1,560 km(2) Utsira node multi-client project which is currently being acquired by AGS in the Norwegian North Sea.

Kristian Johansen, CEO, TGS, said: “E&P companies have for a long time recognized that ocean bottom nodes can deliver a significant uplift in data quality. Technology development and operational efficiencies are bringing costs down to a level where large-scale exploration node surveys are becoming an attractive option to support exploration and drilling decisions. This is TGS’ second ocean bottom node announcement related to 2019 investments and we are excited by the momentum that we see in this market.”

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Beijing International Offshore Oil & Gas Exhibition (ciooe) 2019

Beijing International Offshore Oil & Gas Exhibition (ciooe), is a regular gathering in oil & gas industry…

read more >

Lebanon International Oil & Gas Summit 2019

LIOG 2019 will delve further into the opportunities that are present in Lebanon’s energy sector…

read more >

Atyrau Oil & Gas 2019

The event program is dedicated to the most topical issues of search, exploration, development of hydrocarbons…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply