TGS ASA

TGS Signs LOA for Proprietary Node Survey in North Sea

OSLO, Norway (30 June 2023) - TGS, a leading global provider of energy data and

intelligence, today announced that it signed a Letter of Authority (LOA) to

conduct a proprietary Ocean Bottom Node (OBN) survey in the North Sea. The

survey is planned to mobilize in Q3 2023 with a project duration of 1-2 months.

Kristian Johansen, CEO at TGS, commented: "We are pleased to announce this

proprietary OBN contract in the North Sea. This endeavor reflects our unwavering

commitment to innovation and excellence and highlights our ability to adapt to

evolving industry needs worldwide. Through investment in cutting-edge

technologies and harnessing our geoscience expertise, we empower our clients to

discover new assets and maximize the potential of existing developments."

About TGS

TGS provides scientific data and intelligence to companies active in the energy

sector. In addition to a global, extensive and diverse energy data library, TGS

offers specialized services such as advanced processing and analytics alongside

cloud-based data applications and solutions.

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.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Sven Børre Larsen

Chief Financial Officer

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