TGS job fails to impress
TGS-Nopec’s new survey off Indonesia represents a marginal deal, says DnB NOR Markets, which has reiterated its “sell” recommendation on the company’s shares with a target price of NOK 108 ($17.34) per share.
This week, TGS revealed that it is to carry out a second (2D) seismic survey offshore Indonesia Southwest Sumatra (SMi10) in the forearc basin along the Sundaland Margin.
