The seismic sector is experiencing a revival amid rising oil demand.
The seismic research sector is showing signs of recovery, driven by growing interest from oil and gas companies in exploration and resource replenishment. This positive trend is reflected in TGS shares, which have risen by nearly 24%.
Petrus
Leading marine geophysical company TGS notes signs of recovery in the seismic sector, driven by renewed interest from the oil and gas industry in exploration to replenish reserves.
Industry Dynamics
Over the past five to six years, the sector experienced a downturn, with exploration and seismic surveys no longer being top priorities. Although a faster recovery was anticipated, the process has taken longer than expected. Currently, early signs of renewed activity are being observed, and the recovery is becoming more urgent and pronounced.
Development Prospects
TGS highlights the growing focus of oil and gas companies on replenishing reserves, which is fueling renewed interest in exploratory drilling for new discoveries rather than acquisitions. In 2026, major global exploration breakthroughs were made possible thanks to TGS’s geophysical data. For nearly every new discovery worldwide, the company possesses relevant data.
Market Response
The improved outlook for TGS has had a positive impact on the company’s share price: since mid-April, its stock on the Oslo Stock Exchange has risen by almost 24%.