Norwegian geotechnical company TGS predicts that multi-client investments will amount to 132 million dollars (181) in the third quarter. In the second quarter, the figure was 92 million.

"I am very pleased to see strong utilization of our OBN crews in the third quarter, where we had one crew in West Africa, two crews in the Gulf of Mexico and one crew in Europe. Demand for our OBN services continues to be strong and we had a good order intake during the quarter," said CEO Kristian Johansen.

During the quarter, the utilization rate for the company's seismic streamer vessels was 77 percent, a sequential increase, but still below the level of around 85 percent that TGS considers full utilization.

"Active bids for streamer contracts have increased significantly over the summer. We expect that higher bidding activity combined with the synergies of a larger multi-client project portfolio will improve the utilization of our streamer vessels going forward," the TGS boss further states.

The full report will be released on October 2 at 07.