TGS ASA

TGS awarded OBN 3D contract offshore Trinidad

OSLO, Norway (7 April 2025) - TGS, a leading provider of energy data and

intelligence, is pleased to announce the award of a shallow water OBN

acquisition contract in Trinidad. The 3D baseline contract is scheduled to

commence in early Q3. The total duration of the survey is approximately 80 days.

Kristian Johansen, CEO of TGS, commented, "Our OBN technology continues to be

the preferred choice of the industry and exposes TGS to clients' production

budgets and asset optimization initiatives. We are pleased to secure this new

3D shallow water OBN contract. The client values our OBN technology combined

with our proven track record of project execution, ensuring efficient delivery

of high-quality data and insights."

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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