TGS Launches New Multi-client Project in the Barents Sea

19 Feb 2025 07:00 CET

OSLO, Norway (19 February 2025) - TGS, a leading provider of energy data and
intelligence, is pleased to announce a new multi-client 3D streamer acquisition
and processing project in the Goliat area of the Norwegian Barents Sea. The new
GeoStreamer survey will span up to 1,600 sq.km. over recent discoveries such as
Countach, Elgol and Lupa, and expand on TGS' existing high-quality data coverage
in the Goliat area of the prolific Hammerfest Basin. The Hammerfest Basin 3D
project is scheduled to start in early August.

Kristian Johansen, CEO of TGS, commented, " The Goliat area is one of the hot
spots in the Norwegian Barents Sea with significant drilling success and
exciting new discoveries. We are very pleased to secure funding for more multi-
client 3D acquisition in this part of the Norwegian Continental Shelf for the
2025 summer season."

The multi-client project is supported by industry funding.


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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