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Norwegian seismic data company TGS has made an offer to buy compatriot Magseis Fairfield in a deal that values the seismic player at NOK 2.33 billion (approximately $237 million).
Investegate announcements from TGS, TGS ASA and Magseis Fairfield ASA Announce a Recommended Voluntary Exchange Offer by TGS to Acquire All Shares of Magseis
Norwegian seismic data acquisition and processing company TGS is set to acquire all shares of the Norwegian ocean bottom…
OSLO, Norway (29 June 2022) - TGS ASA ("TGS", OSE: TGS) and Magseis Fairfield ASA ("Magseis", OSE: MSEIS) announce today that they have entered into a transaction agreement (the "Transaction Agreement")
Following an announcement made on the 21st of January 2022, where Magseis Fairfield announced the award of an Ocean Bottom Node (OBN) survey in the North Sea using its Z700 crew. Magseis Fairfield has received an award of a project in the same area that extends the duration of operation by approx. one month, to a total of three months.