Gulf Oil and Gas accountACCOUNT

TGS & PGS Jointly Acquire Dolphin’s Multi-Client Library

Source: www.gulfoilandgas.com 9/14/2016, Location: Europe

TGS has, together with Petroleum Geo-Services ASA (PGS), agreed principal terms and conditions for jointly acquiring the majority of the multi-client library of Dolphin UK Ltd. The parties expect to enter into a definitive agreement for the acquisition in the near future.

"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, NW Africa and Australia, including several surveys where TGS currently holds a joint interest with Dolphin. With this acquisition we are continuing to execute on our active consolidation strategy.

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," stated Kristian Johansen, CEO of TGS. "We are excited to enter into this transaction together with PGS, and it positions us well for further cooperation in these prospective areas," he added.

Seismic survey News in United Kingdom >>

Angola >>  10/2/2019 - CGG Subsurface Imaging, part of CGG’s Geoscience division, has delivered state-of-the-art broadband 4D seismic results ahead of schedule from BP Angol...
Russia >>  9/26/2019 - Specialists of RN-KrasnoyarskNIPIneft LLC (a subsidiary of Rosneft’s Corporate Research and Development Complex) have completed a pilot project to re-...

Israel >>  9/25/2019 - Zion Oil & Gas, Inc. (ZN) announces the commencement of data acquisition for its Megiddo-Jezreel 3-D seismic program. ...
Guinea >>  9/23/2019 - PGS has delivered a fast-track post-stack time migration just a few weeks after completion of safe and efficient acquisition operations offshore the R...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


United Kingdom Oil & Gas 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 | 32 | 33 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.