Jul 22, 2021 / 01:00PM GMT
Operator
Hello, and welcome to the TGS Q2 Earnings Release Call for 2021. (Operator Instructions) And just to remind you, this conference call is being recorded.
Today, I am pleased to present Kristian Johansen, CEO. Please begin your meeting.
Kristian Kuvaas Johansen - TGS ASA - CEO
Thank you very much, and good morning and afternoon, everyone, and welcome to TGS Q2 earnings release. My name is Kristian Johansen. I'm the CEO of TGS. And with me today, I have Fredrik Amundsen, our CFO; and Sven Bar Larsen, our Head of Strategy.
Q2 was another challenging quarter for TGS. Although oil prices are strong, exploration spending remains limited outside of commitments made prior to the downturn. E&P companies continue to prioritize deleveraging the balance sheet, and we expect this to continue until strategies are revisited and new budgets are set.
Here are the financial highlights of the quarter, with a focus on segment numbers rather than IFRS that you can find in the earnings release document posted at tgs.com. Net segment revenues amounted
Q2 2021 TGS ASA Earnings Call Transcript
Jul 22, 2021
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