TGS Bags Three Polarcus 3D Multi-Client Surveys
3D SurveysOffshore Wind

TGS Bags Three Polarcus 3D Multi-Client Surveys

Global provider of energy data and intelligence TGS ASA has acquired three 3D multi-client seismic surveys of Polarcus Plc covering a total of 12,200 square

Global provider of energy data and intelligence TGS ASA has acquired three 3D multi-client seismic surveys of Polarcus Plc covering a total of 12,200 square kilometers offshore Australia. In addition, Polarcus has permanently waived the revenue share rights associated with the multi-client library that TGS acquired in 2015. Polarcus has been eligible to 50% revenue share from the relevant datasets after accumulated revenues reached TGS' minimum return requirements.

TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.

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