TGS ASA

TGS Secures Ocean Bottom Node Data Acquisition Contract in North America

OSLO, Norway (17 July 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 six-month-plus contract,

granted by a major returning client, reinforces TGS' position in the market and

underscores its 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 initiative demonstrates the

vital role that OBN acquisition plays in providing our clients with superior

seismic data. We are pleased to continue our efforts in North America and look

forward to supporting our client's needs with our advanced data 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 (http://www.tgs.com) or contact:

Bård Stenberg

IR & Business Intelligence

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