TGS ASA — Board/Management Information 2016

Mar 9, 2016

TGS appoints new CEO

TGS appoints new CEO

ASKER, NORWAY (09 March 2016) - The Board of TGS has today announced that

Kristian Johansen will succeed Robert Hobbs as Chief Executive Officer on March

11, 2016.  After eight years with TGS, including nearly seven years as CEO, Mr.

Hobbs has decided to retire.

Mr. Johansen joined TGS in 2010 as Chief Financial Officer and was appointed

Chief Operating Officer in February of 2015. Prior to joining TGS, Kristian was

the Executive Vice President and CFO of EDB Business Partner (now Evry) in Oslo,

which is one of the largest IT groups in the Nordic region. Mr. Johansen also

has experience in the construction, banking and oil industries. A native of

Norway, Kristian earned his undergraduate and Master's degrees in business

administration from the University of New Mexico in 1998 and 1999.

Hank Hamilton, Chairman of the Board of Directors said "The Board is deeply

grateful to Robert Hobbs for the leadership he has demonstrated and the

invaluable contributions he has made since joining the TGS team in 2008. Under

his guidance, TGS has become the largest and most successful multi-client

geoscientific data provider in the world.  We wish him nothing but the best as

he leaves TGS."  Mr. Hamilton added, "We feel very fortunate to be able to

promote Kristian Johansen into the CEO position at this time. He has excelled in

each and every role he's had at TGS, clearly demonstrating a commitment to our

core values of quality, service, integrity and growth.  We are very confident in

his ability to lead TGS going forward, particularly during the challenging

market conditions our industry currently faces."

Robert Hobbs stated, "I strongly believe that I am leaving TGS in the most

capable hands in the industry.  Kristian and the TGS Executive Team are the most

talented managers in the geoscience data business.  I wish them well and offer

my full support as I move on to other pursuits."

"It is a great honor to follow Robert and become the new CEO for TGS. Our solid

balance sheet and a highly competent organization position us well to handle

both the up and down cycles in the industry. I have appreciated the opportunity

to work closely with Robert for the last six years and wish him all the best for

the future", said Kristian Johansen.

Company summary

TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil

and gas Exploration and Production companies worldwide.  In addition to

extensive global geophysical and geological data libraries that include multi-

client seismic data, magnetic and gravity data, digital well logs, production

data and directional surveys, TGS also offers advanced processing and imaging

services, interpretation products, and data integration solutions.

For more information visit TGS online at www.tgs.com.

Forward-looking statements and contact information

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 TGS' reliance on a cyclical industry and principle customers, TGS'

ability to continue to expand markets for licensing of data, and TGS' ability to

acquire and process data products at costs commensurate with profitability.

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.

TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange

(OSLO:TGS).

TGS sponsored American Depositary Shares trade on the U.S. over-the-counter

market under the symbol "TGSGY".

For additional information about this press release please contact:

Sven Børre Larsen

Chief Financial Officer

Tel: +47 90 94 36 73

Email: sven.larsen@tgs.com

Will Ashby

Director Finance Western Hemisphere & Investor Relations

Tel: +1 713 860 2184

Email: will.ashby@tgs.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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