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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  TGS-Nopec Geophysical Company    TGS   NO0003078800

TGS-NOPEC GEOPHYSICAL COMPANY

(TGS)
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TGS Nopec Geophysical : Awarded Five-Year Contract Extension by BSEE

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08/05/2019 | 09:35am EDT

Houston, Texas (5 Aug 2019) - TGS-NOPEC Geophysical Company (TGS) has been awarded a five-year contract for Digital Well Log Data Processing with the United States Department of the Interior, Bureau of Safety and Environmental Enforcement (BSEE), a federal agency tasked with overseeing offshore oil and gas activities. TGS has been providing Digital Well Log Data Processing services to BSEE since 2004.

BSEE requires complete, defect-free sets of processed, high-quality open-hole digital well log data and contracts companies to serve as an agent of BSEE for the processing, storage, and delivery of this data. TGS is the official release agent for new offshore well data and does all the digital well log processing for all four BSEE regions (Gulf of Mexico, Pacific, Alaska, and Atlantic).

Carl Neuhaus, Vice President - Well Data Products at TGS said 'We greatly appreciate the continued trust placed in TGS by BSEE and are proud to better serve our national oil and gas industry by further expanding our data availability. Our engagement is perfectly aligned with our mission to enable our customers to hit the ground running by accessing the largest library of high quality subsurface data in the industry.'

The TGS well data library includes more than 1.6 million immediately available LAS files, as well as over 6.2 million raster log images in the United States, in addition to a broad spectrum of other well-related data and geoscience interpretation products.

For additional information about this media release, please contact:

Jaclyn Townsend

Global Director, Marketing

Tel: +1 832-667-4757

Email: jaclyn.townsend@tgs.com

Disclaimer

TGS-NOPEC Geophysical Company ASA published this content on 05 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2019 13:34:06 UTC

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Financials (USD)
Sales 2019 798 M
EBIT 2019 267 M
Net income 2019 213 M
Finance 2019 339 M
Yield 2019 4,12%
P/E ratio 2019 15,1x
P/E ratio 2020 11,6x
EV / Sales2019 3,52x
EV / Sales2020 2,87x
Capitalization 3 149 M
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Average target price 32,65  $
Last Close Price 26,76  $
Spread / Highest target 32,8%
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Kristian Kuvaas Johansen Chief Executive Officer
Henry Haywood Hamilton Chairman
Knut Erik Agersborg Vice President-Operations
Sven Børre Larsen Chief Financial Officer
Zhi Ming Li SVP-Data Processing, Research & Development
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