TGS revealed a strategic collaboration with Axxis Geo Solutions (AGS) for multiclient ocean-bottom node projects in the North Sea, the company said on Nov. 12.

The area of mutual interest covers the core part of the central North Sea up to and including the Utsira area. Under this agreement, the parties will work together to develop opportunities to co-invest in multiclient ocean-bottom node projects. TGS will have a right to process all new node data acquired under this collaboration.

AGS is a Norwegian company focusing on the ocean bottom seismic market. The company has a proprietary technology-agnostic node handling system and is currently operating four vessels with more than 9,000 nodes. The AGS management team has experience of executing more than 100 surveys in over 20 countries. Their technology and capabilities are complementary to TGS multiclient experience, client relationships, existing data and subsurface knowledge in this region.

As part of this collaboration, TGS will join the 1,560 sq km (602 sq miles) Utsira node multiclient project which is currently being acquired by AGS in the Norwegian North Sea.

“This is TGS’ second ocean bottom node announcement related to 2019 investments and we are excited by the momentum that we see in this market,” Kristian Johansen, CEO of TGS, said.

Offshore