TGS ASA — Board/Management Information 2020

Jan 13, 2020

TGS Announces Key Management Position and an Agreement with Google Cloud

TGS Announces Key Management Position and an Agreement with Google Cloud

Asker, Norway (13 January 2020) - TGS, a leading provider of multi-client

geoscience data for exploration & production (E&P) companies, today announced

the appointment of Scott Michell as Senior Vice President of Imaging at TGS. In

this role, Scott will oversee all Imaging and R&D activities, and focus on

further enhancing the Company's technology portfolio. In addition, TGS signed an

agreement with Google Cloud for flexible, cloud-based, high performance compute

capacity. Both moves further position the Company for successful growth and

underscore its commitment to providing industry leading multi-client data

quality and service.

Scott joins TGS with 28 years of experience in the Oil & Gas industry, initially

with Conoco and the last 23 years with BP. He served in a range of senior

leadership roles focused on developing and applying seismic acquisition and

imaging technology solutions to reduce exploration, appraisal, and production

risk. Some of Scott's career highlights include his most recent role at BP as

Global Seismic Delivery Manager and Director of Geophysics, co-inventor of the

Wide Azimuth Towed Streamer (WATS) technology, Deep Water Ocean Bottom Seismic

technologies, designing and leading the seismic imaging technology program in

the U.S., and Seismic Delivery Manager for 3 of BP's key regions - Gulf of

Mexico, U.S. lower 48 and Alaska. Scott has also been named in several high

profile patented seismic technologies, is widely published and is a regular

speaker at key industry forums.

The agreement signed with Google Cloud secures access to cloud-based on-demand

compute power and compliments TGS' on-premises compute capacity. The arrangement

provides a flexible hybrid compute solution that enables TGS to deliver on

complex, compute intensive projects and to focus on cycle time reduction while

preserving superior data quality.

Jan Schoolmeesters, EVP of Operations at TGS, said, "We are excited to welcome

Scott to TGS and equally excited to announce our partnership with Google Cloud.

These combined efforts support our next phase of innovation and expansion and

will help bolster the company's future performance as we head into an evolving

market. We are particularly well placed to respond to the market's needs by

providing high-quality processing and complex imaging solutions. This will

enable us to continue to help our customers de-risk their exploration activities

faster."

For more information, visit TGS.com (http://www.tgs.com/) or contact:

Dean Zuzic

?Chief Financial Officer

dean.zuzic@tgs.com (mailto:dean.zuzic@tgs.com)

Jan Schoolmeesters

EVP Operations

jan.schoolmeesters@tgs.com (mailto:jan.schoolmeesters@tgs.com)

About TGS

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.

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 principal customers, TGS'

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

acquire and process data product 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.