TGS hosts Capital Markets Day

TGS is hosting its Capital Markets Day today in Oslo, Norway. The prepared program begins at 08:30 CET and will include presentations from TGS' senior management team, led by Robert Hobbs (CEO) and Kristian Johansen (CFO).

In addition, TGS will provide an update on Q4 2014. The update is as follows:

  • Q4 revenues expected to be approximately US$298 million, up 10% from Q4 2013 - Record high quarterly revenues for TGS
  • Expected 2014 full year revenues of approximately US$915 million, up 4% from 2013
  • Q4 operational multi-client investments of approximately US$124 million to reach full year investments of US$460 million
  • Full year guidance achieved
  • Final Q4 results to be reported on 5 February 2015

TGS will also announce 2015 full year guidance. The guidance is as follows:

  • TGS expects multi-client investments of approximately US$420 million and additional Capex of US$15 million in 2015
  • TGS targets revenues of approximately US$750 million for 2015
  • TGS targets an EBIT of approximately US$260 million in 2015
  • The Board will propose to the AGM in May a dividend of NOK 8.5 per share

Adapted from press release by Joe Green

Published on 13/01/2015

Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


Related articles

TGS announces new survey offshore Sierra Leone

TGS has announced the acquisition of a 3D multi-client survey offshore Sierra Leone.

TGS and FairfieldNodal in Gulf of Mexico collaboration

TGS announced a collaboration agreement with FairfieldNodal for seismic surveys in the US Gulf of Mexico shelf region.

TGS announces 2D survey in US Gulf of Mexico

The survey will include 12 000 km of data, which supplements TGS' existing library in the region.

TGS announces exploration projects in the Norwegian Barents Sea

TGS is to commence new 2D and 3D multi-client projects in the Norwegian Barents Sea.

Recommend magazines

  Oilfield Technology