TGS signs strategic agreement with Republic of Equatorial Guinea to acquire, process, and promote offshore seismic and geophysical data

Energy data and intelligence firm TGS signed a strategic agreement with the Republic of Equatorial Guinea to acquire, process, and promote seismic and geophysical data across the country’s offshore basins. The deal covers the reprocessing of legacy seismic datasets and the acquisition of new data using TGS’s advanced imaging technologies, including GeoStreamer multi-sensor technology for broadband seismic data. Under the agreement, TGS will reimage existing datasets of varying vintages and deliver an integrated approach combining seismic acquisition, processing, and interpretation. The collaboration aims to improve subsurface understanding and support exploration activity in the Rio Del Rey and Rio Muni basins. Operators in the region will benefit from reprocessed data derived from original field tapes using TGS’s advanced imaging technologies to overcome existing subsurface imaging challenges.

Counterparts (2)

government

R

Republic of Equatorial Guinea

company · 1 deals

Developer

TGS

company · 3 deals

TGS is a global leader in multi-client geoscience data, providing comprehensive seismic and well data libraries primarily to the oil and gas industry across North America, Europe, Africa, and South America. The company reported $598 million in revenue in 2023, supporting exploration and production decisions.