TGS, a leading energy data and intelligence provider, has secured a significant 3D streamer acquisition contract in the Africa and Middle East region, reinforcing its position as one of the industry’s leading providers of seismic data and exploration intelligence.

The contract will see a Ramform seismic vessel begin operations in September 2026, with data acquisition expected to continue for approximately 55 days. The award provides additional visibility for TGS heading into the Northern Hemisphere winter exploration season, a period that remains crucial for offshore energy activity.

Advanced technology supports oil and gas exploration

Chief Executive Officer Kristian Johansen said the contract highlights growing demand for high-quality subsurface data as energy companies pursue more efficient exploration strategies.

According to Johansen, TGS will deploy its Ramform acquisition platform alongside its proprietary GeoStreamer technology to deliver detailed seismic imaging that can help operators improve exploration accuracy and reduce development risk.

The contract comes as oil and gas companies increasingly rely on advanced seismic technologies to optimize drilling decisions and improve capital allocation in a competitive global energy market.

Expanding presence across global energy markets

Headquartered in Oslo and Houston, TGS provides energy data, intelligence, and geoscience solutions across the upstream energy value chain. Its extensive global data library and technology portfolio have positioned the company as a key partner for exploration and production companies worldwide.

The latest contract follows a series of strategic developments. Earlier, TGS signed an agreement with the government of Equatorial Guinea to develop a large offshore MegaSurvey multi-client seismic project aimed at expanding geological understanding of the country’s offshore resources.

The company also secured an offshore wind site characterization contract in Europe, reflecting its growing exposure to both traditional and renewable energy sectors.

Strong financial momentum

TGS entered 2026 with solid operational momentum. First-quarter revenue reached $321 million, supported by robust multi-client activity and high demand for seismic services. Streamer vessel utilization remained strong at 91%, while order inflow climbed to $392 million.

The company reported a total order backlog of $779 million, representing a 10% sequential increase, while net debt declined to $425 million, underscoring continued improvements in cash generation and balance-sheet strength.

As exploration spending gradually recovers across Africa and the Middle East, TGS appears well positioned to benefit from rising demand for seismic data, offshore surveys, and energy intelligence solutions.