TGS Nopec Geophysical Company ASA (GB:0MSJ) has released an update.
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TGS Nopec Geophysical Company ASA reports strong utilization of Ocean Bottom Node crews in Q3 2024, with a solid order inflow and increased active tenders for streamer contract work. The company’s seismic streamer vessel utilization rose to 77% in Q3, though still below the desired 85% full utilization level. Preliminary financial review indicates a significant investment in multi-client projects, approximately USD 132 million for Q3 2024.
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