TGS ASA

TGS Secures First 3D Streamer Contract for 2025 Summer Season

OSLO, Norway (11 November 2024) - TGS, a leading provider of energy data and

intelligence, is pleased to announce award of the company's first 3D streamer

contract for the 2025 Northwest Europe summer season. Acquisition is scheduled

to commence in May with a total duration of approximately 35 days.

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

first streamer contract job for the 2025 summer season. Award of this program

underscores our strong position in Northwest Europe. We are experiencing higher

bidding activity for this region compared to recent years, and while most of our

streamer acquisition programs in Northwest Europe were multi-client in 2024,

this trend will likely be reversed in 2025 with an overweight of contract work.

The planned activity increase in the Northwest Europe region mirrors the global

demand increase we experience for our services scheduled for first half 2025. We

look forward to supporting our client's exploration efforts with our proven

GeoStreamer technology and Ramform acquisition platform."

For more information, visit 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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