TGS Awarded OBN Contract in Europe

01 Dec 2025 07:00 CET

OSLO, Norway (1 December 2025) - TGS, a leading provider of energy data and
intelligence, is pleased to announce the award of an OBN contract in Europe. The
company's node-on-a-rope crew is scheduled to mobilize early May 2026, and the
contract has a duration of approximately 60 days.

Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure our
first OBN contract for the 2026 season in Europe. The European market currently
has several tenders for OBN projects planned for 2026, and our goal is to build
a robust acquisition campaign in the region. This award comes from a valued
repeat customer who recognizes the strength of our OBN technology, our proven
track record in project execution and our ability to deliver high-quality data
on time, providing critical insights to optimize production."

For more information, visit TGS.com or contact:

Bård Stenberg
VP IR & Business intelligence
Mobile: +47 992 45 235
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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