TGS ASA (OTCQX:TGSNF) Q3 2024 Earnings Conference Call October 24, 2024 3:00 AM ET
Company Participants
Bard Stenberg – VP, IR
Kristian Johansen – Chief Executive Officer
Sven Borre Larsen – Chief Financial Officer
Conference Call Participants
Christopher Mollerlokken – SpareBank 1 Markets AS
Erik Aspen Fossa – Carnegie
Jørgen Andreas Lande – Danske Bank
Morten Nystrom – Arctic Securities
Bard Stenberg
Good morning, and welcome to TGS Q3 presentation. My name is Bard Stenberg, Vice President of Investor Relations in TGS. Today’s presentation will be given by CEO, Kristian Johansen; and CFO, Sven Borre Larsen.
Before we start, I would like to give some practical information. For those of you on the webcast, you can type in questions on the webcast platform. We’ll address those after management’s concluding remarks. I’d also like to draw your attention to the forward-looking statement showing on the screen and available in today’s earnings release and presentation. So please study that carefully.
With that, I give the word to you Kristian.
Kristian Johansen
Thank you, Bard and thanks to everyone who’s watching the webcast or are in this room together with us. So I think, first of all before we hit the highlights for Q3, we’re obviously part of a world with geopolitical tension and macro uncertainty, which are impacting the oil price volatility. And in times like that, I want to say a big thank you to all our 2,000 people for delivering a very strong result, keeping their eyes on the ball in terms of not only keeping safe operations, but also building a strong backlog of streamer seismic for the winter season, continuing to deliver strong operational results in our OBN business and a great multi-client result in Q3.
So hitting the highlights, we had total revenues of $501 million. That compares to about $455
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