TGS ASA

TGS Awarded Major 3D Streamer Contract by ONGC offshore India

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

intelligence, is pleased to announce award of a significant 3D streamer contract

for ONGC in the Mahanadi basin on the East Coast of India. The Ramform Sovereign

is scheduled to mobilize for the survey in January 2025 and the contract has a

duration of approximately six months.

India is a hotspot for streamer seismic and ocean bottom node work and the

contract award strengthens TGS' position in the area, underscoring the company's

ongoing commitment to providing the highest quality data solutions to clients.

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

contract with ONGC, which provides visibility for the Ramform Sovereign for the

first half 2025. We look forward to supporting them with high-quality seismic

data using our Ramform acquisition platform and GeoStreamer technology. The

contract represents another key milestone in our ongoing efforts to lead the way

in acquiring and delivering high-quality data globally."

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

Bård Stenberg

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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