TGS secures a one-month extension to its largest offshore Indonesia seismic project
The renewal utilizes the Ramform Sovereign vessel and GeoStreamer technology, strengthening revenue visibility and operational efficiency for the client.
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Provider of energy data and intelligence
tgs.comLast updated
In short: TGS reported record Q2 2026 revenue of $400 million and secured significant seismic contracts in Angola, Indonesia, and Australia.
The renewal utilizes the Ramform Sovereign vessel and GeoStreamer technology, strengthening revenue visibility and operational efficiency for the client.
The companies will jointly invest in research and development for elastic full waveform inversion and machine learning workflows using TGS’ Imaging AnyWare platform.
Ex-date 30 July 2026, payment 13 August 2026. Approved by board on 22 July 2026.
Revenues up 30% to $400M, EBITDA up 60% to $244M, and record order backlog.
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