TGS Secures Extension to Ocean Bottom Node Program in GoM

TGS Secures Extension to Ocean Bottom Node Program in GoM

Issuer

TGS ASA

OSLO, Norway (20 Aug 2024) - TGS, a leading global provider of energy data and
intelligence, is pleased to announce the award of an Ocean Bottom Node (OBN)
data acquisition contract in North America. This four-month extension to an
existing contract will build on existing operations, reinforcing TGS' position
in the market and underscoring the commitment to delivering high-quality seismic
data solutions. The project is expected to enhance the client's seismic data
acquisition capabilities, facilitating more informed decision making.

Kristian Johansen, CEO at TGS, commented: "This extension to an existing program
demonstrates the dynamic role that TGS plays in providing our clients with
superior seismic data and our adaptable service delivery. We are pleased to
continue our efforts in North America and look forward to supporting our
client's needs with our advanced acquisition solutions."

About TGS
TGS provides advanced data and intelligence to companies active in the energy
sector. With leading-edge technology and solutions spanning the entire energy
value chain, TGS offers a comprehensive range of insights to help clients make
better decisions. Our broad range of products and advanced data technologies,
coupled with a global, extensive and diverse energy data library, make TGS a
trusted partner in supporting the exploration and production of energy resources
worldwide. For further information, please visit www.tgs.com
(https://www.tgs.com/).

Forward Looking Statement
All 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:

Bård Stenberg
IR & Communication

[email protected]

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