LIBYA: TGS Signs Letter of Intent with Subsidiary of National Oil Corporation

TGS has announced the signing of a Letter of Intent (LOI) with North Africa Geophysical Company, (NAGECO),a subsidiary of the Libya National Oil Corporation (NOC), marking an important step toward expanding multi-client data activities in Libya.

The LOI was signed during a formal ceremony attended by Mr Masoud Suleman, the Chairman of the National Oil Corporation, and MR Maged Elarbed, head of NAGECO. During the event, NOC leadership highlighted that the LOI establishes a framework that enables further multi-client collaboration with TGS, subject to final contractual arrangements and regulatory approvals.

This collaboration reflects a shared commitment to advancing high-quality subsurface data and supporting Libya’s upstream development through modern, fit-for-purpose data and technology solutions.

“This Letter of Intent represents an important milestone in our engagement with Libya and the National Oil Corporation,” said David Hajovsky, Executive Vice President, Multi-Client at TGS. “We are encouraged by NOC’s confidence in TGS and our multi-client capabilities. Our focus is on delivering trusted data quality, technology and expertise that supports informed decision-making and long-term value creation for Libya’s energy sector.”

TGS has a long-standing track record of delivering multi-client data solutions globally, including seismic reprocessing and integrated subsurface intelligence. The company looks forward to working closely with NOC and its subsidiaries to progress this initiative in line with Libya’s strategic objectives.