In a significant move, TGS, a leading provider of energy data and intelligence, has announced the sale of its North American well data business to Enverus, a prominent energy data and software company.
The transaction, which was finalized on a recent date, marks a strategic decision by TGS to focus on its core businesses and strengthen its position in the global energy data market. Enverus, with its robust suite of energy data and software solutions, is poised to integrate the acquired well data business into its existing operations, enhancing its capabilities to serve the North American energy sector.
The acquisition underscores Enverus’ commitment to expanding its portfolio of energy data and software solutions, providing its clients with comprehensive insights and analytics to inform their business decisions. With this deal, Enverus solidifies its presence in the North American energy data market, while TGS streamlines its operations to concentrate on high-growth areas.
Original news story via Marine Technology News.