TGS ASA 2015 AR2
The report highlights TGS's performance during 2015, one of the most challenging periods in the history of the energy exploration industry due to low commodity prices. Despite a 33% decline in net operating revenues to USD 612 million, the company pursued a countercyclical investment posture, increasing its multi-client library investment by 9% to USD 502 million. TGS successfully expanded its global data library, notably commencing the Gigante regional survey in offshore Mexico and acquiring Polarcus's multi-client library. On the sustainability front, the company implemented a Contractor Management System to manage HSE risks and achieved zero lost time injuries for employees and contractors, while women comprised 41% of the total workforce.
Company: TGS ASA
Sector: Energy
Country: Norway
Year: 2015
Type: AR2
Pages: 128
TGS ASA
Annual Report
The report highlights TGS's performance during 2015, one of the most challenging periods in the history of the energy exploration industry due to low commodity prices. Despite a 33% decline in net operating revenues to USD 612 million, the company pursued a countercyclical investment posture, increasing its multi-client library investment by 9% to USD 502 million. TGS successfully expanded its global data library, notably commencing the Gigante regional survey in offshore Mexico and acquiring Polarcus's multi-client library. On the sustainability front, the company implemented a Contractor Management System to manage HSE risks and achieved zero lost time injuries for employees and contractors, while women comprised 41% of the total workforce.
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Document Details
Report Year
2015
Reporting Period
Jan 1, 2015 - Dec 31, 2015
Fiscal Year
2015
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women in Management
Workplace Fatalities
Employees