TGS ASA

TGS Secures Extension to Ocean Bottom Node Program in GoM

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

intelligence, is pleased to announce the award of an Ocean Bottom Node (OBN)

data acquisition contract in North America. This four-month extension to an

existing contract will build on existing operations, reinforcing TGS' position

in the market and underscoring the commitment to delivering high-quality seismic

data solutions. The project is expected to enhance the client's seismic data

acquisition capabilities, facilitating more informed decision making.

Kristian Johansen, CEO at TGS, commented: "This extension to an existing program

demonstrates the dynamic role that TGS plays in providing our clients with

superior seismic data and our adaptable service delivery. We are pleased to

continue our efforts in North America and look forward to supporting our

client's needs with our advanced acquisition solutions."

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.

For more information, visit TGS.com or contact:

Bård Stenberg

IR & Communication

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