TGS, PGS closing on UK seismic data purchase

Offshore staff

ASKER, NorwayTGS and PGS have agreed on conditions for jointly acquiring much of Dolphin UK’s multi-client library.

They expect to enter into a definitive agreement shortly. 

TGS CEO Kristian Johansen said: “The Dolphin library is a good strategic fit for TGS and will add to our already strong position in areas such as the Barents Sea, the North Sea, northwest Africa, and Australia, including several surveys where TGS currently holds a joint interest with Dolphin.

“This transaction will be the second strategic library acquisition TGS has concluded in this down cycle, following the purchase of most of the Polarcus library last year.”

09/14/2016

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