TGS ASA

TGS Awarded 4D Streamer Acquisition Contract in the Barents Sea

OSLO, Norway (21 February 2025) - TGS, a leading provider of energy data and

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

acquisition project in the Barents Sea covering the Goliat 4D field operated by

Vår Energi. The Goliat 4D project is scheduled to start in July with a total

duration of approximately 20 days.

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

4D work on the Norwegian continental shelf for the 2025 summer season. We

already have secured one contract in the Barents Sea with a duration of

approximately 45 days, and this award is scheduled to be acquired back-to-back.

Adding on the recently announced multi-client project, we have built a solid

Barents Sea acquisition campaign."

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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