TGS ASA

Environmental & Social Information • Aug 27, 2024

TGS and Petrobras Sign MoU for Partnership in Scientific Research and Technological Development

TGS and Petrobras Sign MoU for Partnership in Scientific Research and Technological Development

Houston, USA (27 August 2024) - TGS, a leading global provider of energy data

and intelligence and Petrobras, one of the world's largest energy companies,

announced today the signing of a Memorandum of Understanding (MoU) to

collaborate on scientific research and technological development activities in

Brazil.

This MoU marks the beginning of a strategic partnership between the two

companies, with the goal of leveraging the expertise and resources of both

parties to drive innovation in the energy sector. The collaboration will focus

on developing new technologies and conducting advanced research to increase

efficiency and sustainability in oil and gas exploration and production.

Additionally, it will drive innovation in renewable energy technologies and

carbon capture solutions.

Partnership Objectives:

* Technological Development: Petrobras and TGS will work together on the

development of innovative technological solutions, focusing on improving the

efficiency of exploration and production operations.

* Scientific Research: The companies will collaborate on conducting scientific

research that contributes to advancing knowledge about Brazil's sedimentary

basins, including the analysis of geological and geophysical data.

* Sustainability: One of the main pillars of this partnership will be the

development of technologies that promote sustainability in energy

production, aligning with global commitments to reduce carbon emissions.

Kristian Johansen, CEO at TGS, commented: "We are honored to work alongside

Petrobras on such important technical initiatives. The combination of our

expertise in data acquisition and processing combined with Petrobras's

operational capabilities promises to deliver significant results for the

Brazilian energy industry."

Jonilton Pessoa, Executive Exploration Manager at Petrobras, added: "This

partnership with TGS Brazil reflects our ongoing commitment to innovation and

sustainability. We are excited to collaborate with a company that shares our

vision of a more efficient and sustainable energy future."

The MoU establishes the foundation for the creation of joint working groups and

the initiation of research and development projects that will be implemented in

the coming months. This collaboration reinforces both companies' commitment to

advancing science and technology in the energy sector, bringing benefits not

only to the involved companies but also to the sustainable development of

Brazil.

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/).

About Petrobras

Petrobras is a Brazilian state-owned company and one of the largest energy

companies in the world, focusing on the exploration and production of oil and

natural gas, refining, marketing, and transportation of oil and its derivatives

For more information, visit TGS.com or contact:

Bård Stenberg

IR & Communication

investor@tgs.com