TGS ASA 2017 AR2
The report highlights TGS' financial and operational performance for the fiscal year 2017, showcasing its resilience in a challenging seismic market. Despite low exploration spending by clients, the company grew its free cash flow by 35% to USD 123 million and maintained its quarterly dividend payments. Key operational milestones included entering the Permian basin with high-resolution 3D projects and commencing the AM17 Atlantic Margin 3D project, the largest 3D survey in Northern Europe. Additionally, the company continued to expand its vast geological data library and advanced its high-performance depth imaging technologies.
Company: TGS ASA
Sector: Energy
Country: Norway
Year: 2017
Type: AR2
Pages: 136
TGS ASA
Annual Report
The report highlights TGS' financial and operational performance for the fiscal year 2017, showcasing its resilience in a challenging seismic market. Despite low exploration spending by clients, the company grew its free cash flow by 35% to USD 123 million and maintained its quarterly dividend payments. Key operational milestones included entering the Permian basin with high-resolution 3D projects and commencing the AM17 Atlantic Margin 3D project, the largest 3D survey in Northern Europe. Additionally, the company continued to expand its vast geological data library and advanced its high-performance depth imaging technologies.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women in Management
Workplace Fatalities
Employees