TGS ASA

Regulatory Filings • Nov 20, 2024

TGS Awarded OBN Contract in Europe

TGS Awarded OBN Contract in Europe

OSLO, Norway (20 November 2024) - TGS, a leading provider of energy data and

intelligence, is pleased to announce award of an OBN contract in Europe. The

company's node-on-a-rope crew is scheduled to commence acquisition early April

2025 and the contract has a duration of approximately 35 days.

Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this

contract from a repeat customer. Our node-on-a-rope crew ensures efficient

acquisition of high quality data over a well-established producing field. The

data is used to optimize resource extraction from the field, and the contract

contributes to our ongoing efforts to lead the way in acquiring and delivering

high-quality data. "

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

Bård Stenberg

IR & Communication

Mobile: +47 992 45 235

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