TGS ASA

Regulatory Filings • Dec 1, 2025

TGS Awarded OBN Contract in Europe

TGS Awarded OBN Contract in Europe

OSLO, Norway (1 December 2025) - TGS, a leading provider of energy data and

intelligence, is pleased to announce the award of an OBN contract in Europe. The

company's node-on-a-rope crew is scheduled to mobilize early May 2026, and the

contract has a duration of approximately 60 days.

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

first OBN contract for the 2026 season in Europe. The European market currently

has several tenders for OBN projects planned for 2026, and our goal is to build

a robust acquisition campaign in the region. This award comes from a valued

repeat customer who recognizes the strength of our OBN technology, our proven

track record in project execution and our ability to deliver high-quality data

on time, providing critical insights to optimize production."

For more information, visit TGS.com or contact:

Bård Stenberg

VP IR & Business intelligence

Mobile: +47 992 45 235

investor@tgs.com

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.