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The latest announcement is out from TGS ( (GB:0MSJ) ).
TGS has launched the Ultra Profundo multi-client 2D seismic survey offshore Angola, covering about 12,600 line kilometers in ultra deepwater areas that have seen little exploration since 2015. Acquisition began earlier in the first quarter using the Ramform Victory vessel, with fast-track products expected in the third quarter and full data processing slated for completion by the second quarter of 2027.
The program is designed to generate modern, long-offset seismic data to image complex pre-salt and top-salt structures and basin floor channel systems, significantly improving regional geological understanding. By enhancing visibility into one of West Africa’s key frontier exploration margins, the survey is expected to strengthen TGS’s role as a critical data provider for future exploration campaigns and could influence investment decisions in Angola’s ultra deepwater plays.
The most recent analyst rating on (GB:0MSJ) stock is a Sell with a NOK55.00 price target. To see the full list of analyst forecasts on TGS stock, see the GB:0MSJ Stock Forecast page.
More about TGS
TGS is a global provider of advanced data and intelligence to companies across the energy sector, offering seismic surveys and other subsurface insights that support exploration and production activities. Leveraging leading-edge technology and an extensive global energy data library, the company focuses on delivering decision-ready information spanning the entire energy value chain.
Average Trading Volume: 367,138
Current Market Cap: NOK19.88B
See more insights into 0MSJ stock on TipRanks’ Stock Analysis page.