TGS ASA

TGS Secures Funding for a Series of Multi-client Programs in Southeast Asia

OSLO, Norway (14 August 2023) - TGS, a leading global provider of energy data

and intelligence, announces that it has secured funding for a series of multi-

client projects in Southeast Asia, which are anticipated to commence in late Q4

The program covers six months of new 2D and 3D seismic data acquisition, over

6,600 kilometers of legacy 2D seismic data reprocessing and 300,000 square

kilometers of 2D-cubed processing, tied together by a Facies Map Browser (FMB)

product that enables fast-track exploration of a regional hotspot. These

projects complement TGS' existing library across India, Bangladesh, Indonesia,

Malaysia, and Timor-Leste, encompassing 18,450 kilometers of 2D data, 70,237

square kilometers of 3D data, and 1,940,030 square kilometers of 2D-cubed data.

Kristian Johansen, CEO at TGS, commented: "This program demonstrates our

commitment to investing in energy data in Southeast Asia. The energy demand is

increasing in line with the region's rapid economic growth, driven by growing

populations and rising incomes. This growth brings with it a number of

challenges as governments and E&P companies strive to supply this energy

affordably and sustainably. Clients can remain confident that TGS is dedicated

to supporting them through these challenges with all their exploration,

production and CCS activities."

About TGS

TGS provides scientific data and intelligence to companies active in the energy

sector. In addition to a global, extensive and diverse energy data library, TGS

offers specialized services such as advanced processing and analytics alongside

cloud-based data applications and solutions.

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.

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

Sven Børre Larsen

Chief Financial Officer

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