The Board of PGS confirms that it has received a conditional and non-binding offer from TGS to acquire the MultiClient data library of PGS for a cash consideration of $600 million.
Future collaboration
The offer also includes proposals for the provision of acquisition services by PGS to TGS and the opportunity for TGS to participate in future MultiClient projects undertaken by PGS.
PGS Management and the Board of Directors will address the offer. PGS said it will make an announcement before the offer expires on August 16, 2020.
