TGS Awarded 4D Streamer Campaign Offshore Norway

15 Jan 2025 07:00 CET

OSLO, Norway (15 January 2025) - TGS, a leading provider of energy data and
intelligence, is pleased to announce award of four 4D streamer contract
acquisition projects, three in the North Sea and one in the Barents Sea. The 4D
campaign in the North Sea is scheduled to commence in early Q2 with back-to-back
scheduling and a total duration of approximately 130 days. The 4D contract in
the Barents Sea is scheduled to commence in late May with a total duration of
approximately 50 days.

Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure a
series of 4D streamer contracts offshore Norway for the 2025 summer season. Our
GeoStreamer technology combined with the Ramform acquisition platform ensures
efficient delivery of high-quality data. We are experiencing higher demand for
contract work on the Norwegian Continental shelf this year, compared to last.
When including our multi-client programs, we will have three streamer vessels
working on the Norwegian continental shelf this summer."

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

Bård Stenberg
VP IR & Communication
Mobile: +47 992 45 235
investor@tgs.com (mailto:investor@tgs.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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