Aug 07, 2020 / 01:00PM GMT
Operator
Welcome to TGS-NOPEC Q&A Conference Call. (Operator Instructions) As a reminder, this call is being recorded.
I will now hand the word over to Kristian Johansen, CEO of TGS-NOPEC. Please begin your meeting.
Kristian Kuvaas Johansen - TGS-NOPEC Geophysical Company ASA - CEO
Thank you, and good afternoon to our European audience, and a very good morning to all our U.S.-based participants. Thank you all for dialing in at this conference call at the end of the week. My name is Kristian Johansen. I'm the CEO of TGS. And with me today, I have our CFO, Fredrik Amundsen.
Last evening, we had the pleasure of announcing that we have submitted an offer for the purchase of a multiclient data library of PGS. After a short introduction, we will open up for questions.
As you all know, the seismic industry has seen a sharp drop in aggregate return on capital, caused by a combination of factors, such as lower oil price, more consolidated customer base and overcapacity on the supply side. As a result, industry players have changed their strategy
PGS ASA To Discuss TGS NOPEC Geophysical Company ASA Offer to Acquire PGS MultiClient Library Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot