TGS Launches Multi-Client Wind and Metocean Measurement Campaign Offshore Germany
May 07 2024 - 1:00AM
TGS Launches Multi-Client Wind and Metocean Measurement Campaign
Offshore Germany
OSLO, Norway (07 May 2024) – TGS, a global provider of
energy data and intelligence, has today announced the commencement
of its latest multi-client wind measurement campaign using two
LiDAR buoys offshore Germany in the North Sea.
The buoys are equipped with a multitude of sensors, allowing
detailed measurements of wind, metocean and environmental data. The
collected data is streamed to shore and used to enhance
decision-making to support several current and future wind lease
rounds in the German Bight.
The TGS multi-client approach, where multiple customers can
subscribe to the same floating LiDAR data, significantly advantages
offshore wind developers by reducing development costs and
timelines and providing a unique, early opportunity to minimize
uncertainty in future energy generation. Similar programs have
already been deployed across the East Coast of America, where five
buoys are currently collecting data, and offshore Norway, where
data availability has averaged 96% at 160 m measurement height
throughout the deployment.
Kristian Johansen, CEO of TGS, commented: "TGS is committed to
supporting the growth of global offshore wind energy with data and
insights. Early access to essential wind and metocean data
significantly mitigates investment risks, empowers informed
decisions, and ensures smooth project implementation across the
wind development lifecycle. With this deployment, we can proudly
boast eight offshore LiDAR campaigns concurrently collecting
critical wind data worldwide, and more deployments are likely to
follow as new areas open up globally."
The buoys offshore Germany, supplied by Green Rebel, will
deliver a comprehensive wind data suite over a 24-month measurement
campaign. In addition to wind speed measurements, the data package
includes 12 months of critical metocean data, such as significant
wave heights and ocean current profiles, acquired via Directional
Waverider buoys and seabed-mounted Acoustic Doppler Current
Profilers. Data will be continuously streamed, quality-controlled,
and made available to customers daily through the Wind AXIOM
platform, TGS' comprehensive site evaluation and wind data
analytics tool. Wind AXIOM allows wind developers and stakeholders
to constrain the most influential factors affecting the viability
of offshore wind projects, improving the quality and speed of
decisions.
All projects are supported by offshore wind industry
funding.
About TGSTGS provides scientific data and intelligence to
companies active in the energy sector. In addition to a global,
extensive and diverse energy data library, TGS offers specialized
services such as advanced processing and analytics alongside
cloud-based data applications and solutions.
Forward Looking StatementAll statements in this press
release other than statements of historical fact are
forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are
based upon assumptions as to future events that may not prove
accurate. These factors include volatile market conditions,
investment opportunities in new and existing markets, demand for
licensing of data within the energy industry, operational
challenges, and reliance on a cyclical industry and principal
customers. Actual results may differ materially from those expected
or projected in the forward-looking statements. TGS undertakes no
responsibility or obligation to update or alter forward-looking
statements for any reason.
For more information, visit TGS.com or contact:
Sven Børre LarsenChief Financial
Officerinvestor@tgs.com
- Photo Credit: Green Rebel; Deployment
TGS ASA (TG:TGC)
Historical Stock Chart
From May 2024 to Jun 2024
TGS ASA (TG:TGC)
Historical Stock Chart
From Jun 2023 to Jun 2024