TSG to acquire multi-client data library of PGS for $600m.

TGS-NOPEC Geophysical Company, a geophysical consulting and contracting services provider, offered to acquire the multi-client data library of PGS, a provider of a range of seismic and reservoir services, for $600m. "We see a strong complement between our existing business and the PGS data library and the opportunity to leverage our expertise and scale to improve returns. We believe the consolidation and further partnership between our two companies carries a strong industry logic and we look forward to initiate the dialogue with the management and board of PGS,” Kristian Johansen, TGS CEO.