TGS-NOPEC Geophysical Co. ASA,

TGS Nopec Geophysical provides geoscience data to oil and gas exploration and production companies worldwide. In addition to global geophysical and geological data libraries that include seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, Co. also provides advanced processing and imaging services, interpretation products, permanent reservoir monitoring and data integration solutions.
  • TickerTGS
  • ISINNO0003078800
  • ExchangeOslo Bors
  • SectorOil Equipment, Services & Distribution
  • CountryNorway

Analysts

Martin Huseby Karlsen

Back-end loaded E&P spending in Petrobras plan

Petrobras’ updated 5-year business (2020–2024) sees a limited near-term E&P spending increase, with the capex profile once again back-end loaded. 2020 E&P spending is guided flattish YOY, which we consider on the downside versus consensus but in line with our view for global offshore E&P spending. Further, we believe a meaningful portion of the higher E&P spending in 2022–2024e relates to platforms (FPSOs) for the Transfer of Rights (ToR) being owned rather than leased (as Petrobras normally does). As this is capex paid to the yards to purchase the FPSOs, we believe the underlying revenue pote...

Martin Huseby Karlsen

Back-end loaded E&P spending in Petrobras plan

Petrobras’ updated 5-year business (2020–2024) sees a limited near-term E&P spending increase, with the capex profile once again back-end loaded. 2020 E&P spending is guided flattish YOY, which we consider on the downside versus consensus but in line with our view for global offshore E&P spending. Further, we believe a meaningful portion of the higher E&P spending in 2022–2024e relates to platforms (FPSOs) for the Transfer of Rights (ToR) being owned rather than leased (as Petrobras normally does). As this is capex paid to the yards to purchase the FPSOs, we believe the underlying revenue pote...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior