TGS Announces Extension to its Ocean Bottom Node Acquisition Campaign in West Africa

TGS Announces Extension to its Ocean Bottom Node Acquisition Campaign in West Africa

Issuer

TGS ASA

OSLO, Norway (July 18 2024) - TGS, a leading global provider of energy data and
intelligence, is pleased to announce the extension of its' deepwater Ocean
Bottom Node (OBN) data acquisition campaign in West Africa. This additional
program for a major customer will extend the ongoing acquisition cooperation
well into Q4 2024.

The project is expected to deliver industry leading seismic data thus providing
the client with more informed decision making capabilities.

Kristian Johansen, CEO at TGS, commented: "This continuing acquisition campaign
demonstrates the vital role that OBN acquisition plays in providing our clients
with superior seismic data. We are pleased to continue our efforts in West
Africa and look forward to supporting our client's needs with our advanced data
solutions."

For more information, visit TGS.com or contact:

Bård Stenberg
VP IR & Communication
Tel: +47 992 45 235
E-mail: [email protected]

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.

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