TGS Secures Ocean Bottom Node Data Acquisition Contract in North America

TGS Secures Ocean Bottom Node Data Acquisition Contract in North America

Issuer

TGS ASA

OSLO, Norway (17 July 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 six-month-plus contract,
granted by a major returning client, reinforces TGS' position in the market and
underscores its 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 initiative demonstrates the
vital role that OBN acquisition plays in providing our clients with superior
seismic data. We are pleased to continue our efforts in North America and look
forward to supporting our client's needs with our advanced data 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 (http://www.tgs.com) or contact:

Bård Stenberg
IR & Business Intelligence
[email protected] (mailto:[email protected])

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