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TGS Q4 19 Revenue Update

Gasoil News - Published on Wed, 15 Jan 2020

Image Source: TGS
Based on preliminary reporting from operating units, TGS management expects net segment revenues for the fourth quarter of 2019 to be approximately USD 230 million. Kristian Johansen, CEO at TGS, stated, "After record high revenues in Q3, we are pleased to follow up with another solid quarter. This means that TGS’ full-year pro-forma revenues were up by an impressive 16.2% compared to 2018. Further, our sales pipeline for Q1 2020 looks promising, with high vessel activity combined with solid pre-funding."

TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi- client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions

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Posted By : Yogender Pancholi on Wed, 15 Jan 2020
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