OSLO, Norway (17 July 2024) - TGS, a global provider in energy data and intelligence, announces Shell Information Technology International B.V has signed a global multi-year agreement to license the TGS Imaging AnyWare software suite. This agreement provides opportunities for strategic collaboration and underscores TGS' commitment to harnessing advanced technology to elevate data processing and analytical capabilities for its clients.
Through this agreement, Shell will migrate from their current in-house software to Imaging AnyWare, a modern, fully integrated enterprise-class imaging system renowned for its efficiency, flexibility and usability. The choice of TGS' Imaging AnyWare represents a significant validation of the software's excellence.
Kristian Johansen, CEO at TGS, commented: "We are pleased to partner with Shell to enhance their data processing and analysis capabilities. Shell's adoption of TGS Imaging AnyWare highlights the software's geophysical sophistication, robust performance, flexibility and intuitive design. We are dedicated to delivering solutions that empower our clients to achieve operational and strategic goals with increased efficiency and confidence."
Liz Sturman, VP Petroleum Engineering at Shell stated: "We selected TGS Imaging AnyWare software due to its robust performance and so we can enrich this technology with Shell capabilities.
Joint collaboration opportunities have already been identified between Shell and TGS to continuously improve Imaging AnyWare software performance while at the same time reducing project turnaround time and cost".
For further information, visit tgs.com or contact:
Sven Børre Larsen
Chief Financial Officer
investor@tgs.com
For further information‚ visit www.shell.com.
About TGS
TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com.
Forward Looking Statement
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
