Daily Newsletter

22 February 2024

Daily Newsletter

22 February 2024

Energy service provider TGS teams up with Enertel 

Enertel is engaged in offering engineering and analytics solutions for the management and evaluation of oil and gas assets.  

Shivam Mishra February 22 2024

TGS, a Norway-based provider of energy data and intelligence, has announced a strategic partnership with Enertel. 

Enertel is engaged in offering engineering and analytics solutions for the management and evaluation of oil and gas assets.  

This collaboration aims to deliver an integrated solution that will enable operators to access TGS licensed well data through Enertel’s QuantumCast software platform. 

It includes the utilisation of TGS application programming interfaces (APIs) embedded directly within QuantumCast, facilitating operational efficiency and decision-making for operators. 

The well data provided by TGS within Enertel’s analytical platforms includes well headers, formation tops, logs, as well as production and completion data.  

TGS claims that it has the industry’s “largest” well data library, with more than 100 years of public and non-public sources, uniquely combining unparalleled volumes of information. 

TGS vice-president of onshore products Carl Neuhaus said: “The alliance with Enertel marks a noteworthy advancement in enhancing the accessibility and effectiveness of critical well data for the energy industry. This initiative perfectly aligns with TGS' commitment to delivering best-in-class data into customers' workflows and applications.” 

Enertel co-founder and CEO Fred Enochs said: "We are pleased to announce this exciting collaboration. Through the partnership with TGS Well Data, we are able to provide a comprehensive analytics platform for rapid forecasting, asset evaluation and basin analytics." 

In a recent strategic move, TGS reached an agreement in November 2023 to acquire PGS in an all-stock deal valued at Nkr9.32bn ($862.71m).  

The combined entity is expected to provide services in areas such as multi-client data, streamer data acquisition, ocean bottom node data acquisition, imaging and new energy data. 

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