TGS Secures Three-Month Proprietary OBN Data Acquisition Contract in the North Sea

20 Dec 2023 07:00 CET

OSLO, Norway (20 December 2023) - TGS, a leading global provider of energy data
and intelligence, has been awarded a three-month proprietary Ocean Bottom Node
(OBN) data acquisition contract in the North Sea for a repeat customer. The
project's acquisition will begin in Q2 2024.

Kristian Johansen, CEO at TGS, commented: "This project, for a major energy
customer, further highlights the integral role OBN acquisition has in providing
our clients improved seismic data quality and help them make better reservoir
development decisions."

TGS remains committed to delivering exceptional value to its customers through
this endeavor, emphasizing the pivotal role that OBN technology plays in
advancing seismic data quality. The Company's dedication to innovation ensures
that clients receive reliable data and gain unparalleled insights for informed
decision-making.

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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