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TGS ASA

Regulatory News Service Sep 29, 2025

3774_rns_2025-09-29_5bce50ba-fa6f-409e-ab77-7572592ab54f.html

Regulatory News Service

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TGS Launches Amendment West-1 Ultra Long Offset OBN Survey, Advancing Multi-client Coverage in the Western Gulf of America

TGS Launches Amendment West-1 Ultra Long Offset OBN Survey, Advancing Multi-client Coverage in the Western Gulf of America

OSLO, Norway (29 September 2025) - TGS, a global leader in energy data and

intelligence, announces the commencement of a new multi-client Ultra-Long Offset

Ocean Bottom Node (OBN) data acquisition campaign in the Gulf of America. The

Amendment West-1 survey is TGS' second campaign expanding multi-client node

coverage in the Paleogene West play, adding more than 5,400 square kilometers

within the East Breaks protraction area.

Amendment West-1 will feature TGS' Gemini(TM) enhanced frequency source and TGS'

ZXPLRe(TM) nodes. The Gemini source has been engineered to generate increased low-

frequency energy for deep penetration and Full Waveform Inversion (FWI), while

preserving high-frequency content necessary for conventional processing and

imaging workflows.

The Amendment West-1 dataset, to be processed by TGS' Imaging experts, will

improve subsurface clarity of the emerging Paleogene west play potential in the

East Breaks area.  This area is projected to be highly competitive in upcoming

lease rounds, especially for operators focused on the Paleogene play, which has

gained momentum through recent production-related technological breakthroughs.

Leveraging TGS' Elastic Full-Waveform Inversion (E-FWI) and Reverse Time

Migration (RTM) imaging technologies, and integrating TGS' Crystal C wide

azimuth streamer data, the new survey is designed to deliver best-in-class

seismic data to support both exploration and development activities.

Amendment West-1 node deployment commenced mid-September and data acquisition is

expected to complete in mid-March 2026, with delivery of initial products

scheduled for Q2 2026. The project is supported by industry funding and was not

included in the booked position disclosed in TGS' Q2 2025 presentation.

Kristian Johansen, CEO of TGS, commented: "TGS remains committed to supporting

the energy industry with the highest quality seismic acquisition and imaging

solutions. With the Amendment West-1 OBN survey we expand on our success of

providing multi-client OBN programs over existing wide azimuth streamer data in

the Gulf of America, and this survey is playing a pivotal role in facilitating

Paleogene exploration targets. Our recent processing advances have attracted

considerable industry attention, highlighting TGS' top tier advanced imaging

capabilities. Through a combination of advanced seismic source and imaging

technologies and our leading edge OBN acquisition capabilities, we are confident

this project will provide tremendous value to our customers."

For more information, visit TGS.com or contact:

Bård Stenberg

VP IR & Business Intelligence

Mobile: +47 992 45 235

[email protected]

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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