TGS completes Spectrum acquisition

Aug. 14, 2019

Offshore staff

OSLO, Norway TGS-NOPEC Geophysical Co. ASA has completed its acquisition of Spectrum ASA.

The company announced its intent to acquire Spectrum on May 2, 2019.

Kristian Johansen, CEO of TGS, said: “... Spectrum's portfolio will enhance TGS’ position as a leading multi-client geophysical data provider covering all mature and frontier basins. The acquisition fits well with our asset-light business model and provides significant momentum to deliver on our long-term strategy…”