TGS ASA

TGS Awarded Offshore Wind Site Characterization Contract

OSLO, Norway (29 January 2025) - TGS, a leading provider of energy data and

intelligence, is pleased to announce the award of an offshore wind site

characterization contract on the UK continental shelf for a repeat customer. The

contract has a total duration of approximately 60 days and is scheduled to

commence in Q1 2025.

The Ramform Vanguard will be used for this project and is equipped with Ultra-

high-resolution 3D (UHR-3D) streamers. The streamer technology samples the

seismic wavefield at a high spatial and temporal rate providing high-resolution

data of the shallow subsurface targets for wind farm development.

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

offshore wind site characterization contracts, extending our success in this

market during 2024. This project further highlights the integral role UHR-3D

acquisition has in providing our clients with better seismic data and helping

them make data-driven decisions for their wind farm developments."

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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