TGS has closed the sale of its North American well data products business to Enverus for a purchase price in excess of USD 100 million. The transaction includes USD 100 million payable at closing and an additional USD 15 million earn-out conditioned on agreed milestones. The divested business, operated by TGS subsidiary A2D, includes the North American well log library and generated revenues of USD 27 million in 2025, representing 2.9% of TGS' reported multi-client revenues. TGS said the sale sharpens its strategic focus on integrated offshore geophysical services and will use the proceeds to reduce net debt, supporting higher capital returns to shareholders. Enverus CEO Manuj Nikhanj noted that A2D's subsurface dataset now complements Enverus' extensive operational, economic and commercial data, including exchange networks handling an estimated 80% of U.S. production volumes and more than USD 500 billion in annual transaction activity.
TGS NOPEC Geophysical Company ASATGS sells business for over USD 100 million, uses proceeds to reduce debt and support higher capital returns.
Enverus acquires A2D's subsurface dataset, complementing its existing data and transaction activity.