TGS ASA

TGS Awarded Two 4D Streamer Contracts Offshore Norway

OSLO, Norway (10 February 2025) - TGS, a leading provider of energy data and

intelligence, is pleased to announce the award of two 4D streamer contract

acquisition projects, one in the North Sea and one in the Norwegian Sea. The 4D

projects are scheduled to be acquired back-to-back and commence in June. The

total duration of the two surveys is approximately 80 days.

Kristian Johansen, CEO of TGS, commented, "We are pleased to secure two new 4D

streamer contracts. Now we have a total of six 4D streamer contracts scheduled

for the 2025 summer season on the Norwegian continental shelf. The clients value

our GeoStreamer technology combined with the Ramform acquisition platform,

ensuring efficient delivery of high-quality data."

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

Bård Stenberg

VP IR & Communication

Mobile: +47 992 45 235

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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