TGS Awarded Offshore Wind Site Characterization Contract

02 Jul 2025 07:00 CEST

OSLO, Norway (2 July 2025) - TGS, a global leader in energy data and
intelligence today announced the award of a contract for offshore wind site
characterization, including acquisition, imaging and interpretation services
offshore Norway. Ramform Vanguard will start acquisition in early July, with a
duration of approximately 25 days. The imaging and interpretation work will
commence concurrently with data acquisition and final data delivery to the
client is expected in Q1 2026.

The Ramform Vanguard is equipped with TGS's proprietary Ultra-High-Resolution
3D (UHR3D) streamers and integrated geophysical sensors. This technology is
specifically designed to sample the seismic wavefield at a high spatial and
temporal rate, providing high-resolution data of the shallow subsurface targets
for wind farm development.

Kristian Johansen, CEO of TGS, commented "We are very pleased to secure another
offshore wind site characterization contract in Northern Europe, extending our
acquisition campaign in the region by nearly a month. We are seeing strong
client adoption for our high-quality geophysical approach to mapping shallower
subsurface targets, which supports data-driven decision making for offshore wind
farm development and offers a compelling alternative to traditional geophysical
wind solutions".

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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