The Norway company said it anticipates multi-client investment levels of $520 million to 590 million, with 40% to 50% pre-funded.

Original guidance was $530 million to $600 million with 50% to 60% pre-funded.

Company shares closed down 7.35% in Olso on Monday.

However TGS still plans net revenue of $210 million for the second quarter and $920 million to $1 billion for the year.

Despite