PGS ASA

Regulatory Filings • Oct 28, 2021

PGS, CGG and TGS Announce Versal, a Unified Ecosystem for Accessing Multi-Client Seismic Data across Multiple Vendors

PGS, CGG and TGS Announce Versal, a Unified Ecosystem for Accessing Multi-Client Seismic Data across Multiple Vendors

October 28, 2021: OSLO, Norway - Further to the announcement on 15 December

2020 (https://www.tgs.com/press-releases/tgs-cgg-pgs-announce-strategic-

partnership-for-shared-multi-client-data-offerings), PGS, CGG and TGS, industry

leaders of multi-client geoscience data, today announce Versal

(https://versalearth.com/) - a unified seismic data ecosystem giving access to

three of the world's largest multi-client libraries via a single log-in.

Versal is an independent, secure, cloud-based, multi-client seismic data

ecosystem where clients can easily access all their data and entitlements in one

place. As a result, E&P teams can now capitalize on their interpretation and

analysis workflows for their subsurface projects by leveraging a seamless

licensed data experience that takes minutes rather than days, enabling maximum

efficiency and opportunity generation.

Rune Olav Pedersen, President and CEO of PGS said: "We believe that energy

companies' workflows will be transformed with Versal, enabling them to achieve

their goals through rapid access to secure cloud-based multi-client seismic data

and entitlements. Versal has created an environment that will benefit both the

consumers of seismic data and the data providers over the longer term. We are

proud and excited by the launch of this successful industry-wide digitalization

initiative."

Sophie Zurquiyah, CEO, CGG, said: "Versal is unique in streamlining industry

access to more than 70% of the seismic multi-client market through a vendor-

neutral, cloud-based common ecosystem. We are pleased to work together with TGS

and PGS to bring this needed service to the market and offer client teams an

easier and more efficient way to access the data they need to identify new

opportunities and optimize field performance."

Kristian Johansen, CEO at TGS, said: "This landmark collaboration with CGG and

PGS provides a foundation for our clients to universally view, access and build

innovative subsurface workflows at the click of a button. Versal's ability to

improve decision-making with less uncertainty, underpins its initiative to

provide the best customer service to our clients and future clients. I look

forward to Versal's evolution to increase data richness for users."

About PGS

PGS ASA and its subsidiaries ("PGS" or "the Company") is a focused marine

geophysical company that provides a broad range of seismic and reservoir

services, including acquisition, imaging, interpretation, and field evaluation.

The Company MultiClient data library is among the largest in the seismic

industry, with modern 3D coverage in all significant offshore hydrocarbon

provinces of the world. The Company operates on a worldwide basis with

headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock

exchange (OSE: PGS). For more information, visit PGS.com or contact:

Bård Stenberg

VP IR & Corporate Communication

Mobile: +47 992 45 235

E-Mail: bard.stenberg@pgs.com (mailto:bard.stenberg@pgs.com)

About CGG

CGG (www.cgg.com (http://www.cgg.com)) is a global geoscience technology leader.

Employing around 3,700 people worldwide, CGG provides a comprehensive range of

data, products, services and solutions that support our clients to more

efficiently and responsibly solve complex natural resource, environmental and

infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN:

0013181864).

CGG offers a comprehensive portfolio of multi-disciplinary, multi-client

products, including the industry's most recent and technologically advanced

seismic data library in the world's key locations. For more information, visit

CGG.com or contact:

Christophe Barnini

Group Communications & Investor Relations

Tel: + 33 1 64 47 38 11

E-Mail: christophe.barnini@cgg.com (mailto:christophe.barnini@cgg.com)

About TGS

TGS provides scientific data and intelligence to companies active in the energy

sector. In addition to a global, extensive and diverse energy data library, TGS

offers specialized services such as advanced processing and analytics alongside

cloud-based data applications and solutions. For more information, contact:

Jaclyn Townsend

Director, Corporate Marketing at TGS

Email: jaclyn.townsend@tgs.com (mailto:jaclyn.townsend@tgs.com)