TGS ASA

TGS Awarded 4D Streamer Campaign Offshore Norway

OSLO, Norway (15 January 2025) - TGS, a leading provider of energy data and

intelligence, is pleased to announce award of four 4D streamer contract

acquisition projects, three in the North Sea and one in the Barents Sea. The 4D

campaign in the North Sea is scheduled to commence in early Q2 with back-to-back

scheduling and a total duration of approximately 130 days. The 4D contract in

the Barents Sea is scheduled to commence in late May with a total duration of

approximately 50 days.

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

series of 4D streamer contracts offshore Norway for the 2025 summer season. Our

GeoStreamer technology combined with the Ramform acquisition platform ensures

efficient delivery of high-quality data. We are experiencing higher demand for

contract work on the Norwegian Continental shelf this year, compared to last.

When including our multi-client programs, we will have three streamer vessels

working on the Norwegian continental shelf this summer."

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

Bård Stenberg

VP 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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