TGS ASA

Capital/Financing Update • Jul 17, 2024

TGS Imaging AnyWare Software licensed to Shell in Four-year Deal

TGS Imaging AnyWare Software licensed to Shell in Four-year Deal

OSLO, Norway (17 July 2024) - TGS, a global provider in energy data and

intelligence, announces Shell Information Technology International B.V has

signed a global multi-year agreement to license the TGS Imaging AnyWare software

suite. This agreement provides opportunities for strategic collaboration and

underscores TGS' commitment to harnessing advanced technology to elevate data

processing and analytical capabilities for its clients.

Through this agreement, Shell will migrate from their current in-house software

to Imaging AnyWare, a modern, fully integrated enterprise-class imaging system

renowned for its efficiency, flexibility and usability. The choice of TGS'

Imaging AnyWare represents a significant validation of the software's

excellence.

Kristian Johansen, CEO at TGS, commented: "We are pleased to partner with Shell

to enhance their data processing and analysis capabilities. Shell's adoption of

TGS Imaging AnyWare highlights the software's geophysical sophistication, robust

performance, flexibility and intuitive design. We are dedicated to delivering

solutions that empower our clients to achieve operational and strategic goals

with increased efficiency and confidence."

Liz Sturman, VP Petroleum Engineering at Shell stated: "We selected TGS Imaging

AnyWare software due to its robust performance and so we can enrich this

technology with Shell capabilities.

Joint collaboration opportunities have already been identified between Shell and

TGS to continuously improve Imaging AnyWare software performance while at the

same time reducing project turnaround time and cost".

For further information, visit tgs.com or contact:

Sven Børre Larsen

Chief Financial Officer

investor@tgs.com (mailto:investor@tgs.com)

For further information' visit www.shell.com (http://www.shell.com).

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.