TGS Imaging AnyWare Software licensed to Shell in Four-year Deal

17 Jul 2024 07:00 CEST

OSLO, Norway (17 July 2024) - TGS, a global provider in energy data and
intelligence, announces Shell Information Technology International B.V has
signed a global multi-year agreement to license the TGS Imaging AnyWare software
suite. This agreement provides opportunities for strategic collaboration and
underscores TGS' commitment to harnessing advanced technology to elevate data
processing and analytical capabilities for its clients.

Through this agreement, Shell will migrate from their current in-house software
to Imaging AnyWare, a modern, fully integrated enterprise-class imaging system
renowned for its efficiency, flexibility and usability. The choice of TGS'
Imaging AnyWare represents a significant validation of the software's
excellence.

Kristian Johansen, CEO at TGS, commented: "We are pleased to partner with Shell
to enhance their data processing and analysis capabilities. Shell's adoption of
TGS Imaging AnyWare highlights the software's geophysical sophistication, robust
performance, flexibility and intuitive design. We are dedicated to delivering
solutions that empower our clients to achieve operational and strategic goals
with increased efficiency and confidence."

Liz Sturman, VP Petroleum Engineering at Shell stated: "We selected TGS Imaging
AnyWare software due to its robust performance and so we can enrich this
technology with Shell capabilities.

Joint collaboration opportunities have already been identified between Shell and
TGS to continuously improve Imaging AnyWare software performance while at the
same time reducing project turnaround time and cost".

For further information, visit tgs.com or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)

For further information' visit www.shell.com (http://www.shell.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.

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