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RNS - TGS Awarded Large Streamer Contract Offshore Indonesia

Company: TGS ASA Date: 2025-08-25 Language: English Register to download

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 TGS Awarded Large Streamer Contract Offshore Indonesia

# TGS Awarded Large Streamer Contract Offshore Indonesia

OSLO, Norway (25 August 2025) - TGS, a leading provider of energy data and  

intelligence, is pleased to announce the award of a large streamer contract  

offshore Indonesia, covering approximately 10,000 square kilometers.  

  

Much of the project will focus on acquiring 3D seismic data for exploration  

purposes, with the final phase of approximately one month dedicated to 4D  

seismic data acquisition for production monitoring. The survey is scheduled to  

commence in Q4 2025 and will span an estimated total duration of approximately  

eight months.  

  

Kristian Johansen, CEO of TGS, commented, "We are very pleased to have been  

awarded this significant streamer contract. We will acquire the survey with a  

purpose-built Ramform designed vessel, equipped with our proprietary GeoStreamer  

technology, ensuring delivery of high-quality data to the client, while  

acquisition efficiency is maintained at industry leading levels. With an  

acquisition period of approximately eight months, this contract secures  

utilization well into Q3 2026."  

  

For more information, visit TGS.com (http://www.tgs.com) or contact:  

  

Bård Stenberg  

  

VP IR & Communication  

  

Mobile: +47 992 45 235  

  

investor@tgs.com (mailto:investor@tgs.com)  

  

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/).  

  

Forward Looking Statement  

  

All statements in this press release other than statements of historical fact  

are forward-looking statements, which are subject to a number of risks,  

uncertainties and assumptions that are difficult to predict and are based upon  

assumptions as to future events that may not prove accurate. These factors  

include volatile market conditions, investment opportunities in new and existing  

markets, demand for licensing of data within the energy industry, operational  

challenges, and reliance on a cyclical industry and principal customers. Actual  

results may differ materially from those expected or projected in the forward-  

looking statements. TGS undertakes no responsibility or obligation to update or  

alter forward-looking statements for any reason.

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