TGS Signs LOA for Proprietary Sparse Node Survey in the U.S. Gulf of Mexico

09 Feb 2023 06:56 CET

OSLO, Norway (9 February 2023) - TGS, a global provider of energy data and
intelligence, today announced that it signed an LOA to conduct a proprietary
sparse OBN survey in the U.S. Gulf of Mexico. The survey is planned to mobilize
in Q2 2023 with a duration of approximately 100 days.

Kristian Johansen, CEO at TGS, commented: "I am pleased to announce another
proprietary OBN acquisition contract. This supports our positive market outlook
and the continued importance of the Gulf of Mexico for our clients."

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
investor@tgs.com (mailto:investor@tgs.com)

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