30 Mar 2026 07:00 CEST

Issuer

TGS ASA

OSLO, Norway (30 March 2026) - TGS, a leading provider of energy data and
intelligence, today announced a multi-year strategic agreement with Amazon Web
Services (AWS). TGS has selected AWS as its preferred cloud provider, leveraging
AWS high-performance computing (HPC) and Generative Artificial Intelligence (AI)
to build solutions that will transform how the energy industry explores and
extracts resources. This collaboration is designed to create a foundational
shift in geoscience, dramatically accelerating time-to-insight and reducing
exploration uncertainty for TGS' customers.

TGS is accelerating its AI/ML-driven seismic imaging and analytics by building
solutions on AWS to surpass current industry performance. This transformation
includes the modernization of TGS Imaging AnyWare on AWS and leveraging cloud
elasticity to further optimize processing workflows. TGS uses Amazon Elastic
Compute Cloud (EC2) to execute highly parallelized workloads, scaling quickly to
millions of CPUs to achieve rapid turnaround times on complex customer
deliverables. By leveraging the latest NVIDIA instances and selectively adopting
specialized AWS hardware accelerators, TGS enables high-definition seismic
imaging, including compute-intensive Elastic Full Waveform Inversion (eFWI), and
delivers petabyte-scale multi-client data to customers on demand. These mission-
critical solutions are built on a secure, elastic, and resilient multi-region
architecture, leveraging the AWS Nitro System to isolate and protect sensitive
customer workloads.

"This partnership represents the moment when the power of Generative AI meets
the complexity of geoscience," said Kristian Johansen, CEO of TGS. "By moving
TGS Data Verse, the largest subsurface seismic library, and the TGS Imaging
AnyWare platform to AWS, we are co-innovating to deliver an exploration-ready
atlas of the subsurface. This collaboration translates subsurface data into
strategic intelligence with unprecedented scale and speed, marking a fundamental
shift that will accelerate prospect generation and create competitive advantages
for our customers."

TGS is deploying a multi-modal Subsurface Foundation Model (SFM) built on Amazon
Bedrock and powered by Amazon SageMaker HyperPods. This model will
simultaneously process diverse data types, to achieve a comprehensive subsurface
understanding that has been previously unattainable.

"TGS' selection of AWS as their preferred cloud provider demonstrates how
industry leaders are leveraging cloud computing and generative AI to transform
energy exploration," said Uwem Ukpong, vice president, AWS Industries. "By
combining AWS advanced computing and AI capabilities with TGS' domain expertise
and extensive energy data library, energy companies can unlock greater value
from seismic data. Additionally, through Open Subsurface Data Universe (OSDU)
Energy Data Integration with TGS, companies across the energy sector can
seamlessly integrate data, optimize exploration workflows, reduce risk, and make
more confident decisions through intelligent analysis of complex subsurface
data."

This new agreement deepens TGS' strong relationship with AWS. TGS has already
migrated petabytes of data to the AWS cloud, demonstrating the scale and
commitment of this strategic relationship. Leveraging AWS global infrastructure,
TGS has successfully delivered advanced projects including eFWI in Brazil using
in-country GPU capability, ensuring data sovereignty and low-latency processing
for regional operations.

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/).

About Amazon Web Services
Amazon Web Services (AWS) is guided by customer obsession, pace of innovation,
commitment to operational excellence, and long-term thinking. By democratizing
technology for nearly two decades and making cloud computing and generative AI
accessible to organizations of every size and industry, AWS has built one of the
fastest-growing enterprise technology businesses in history. Millions of
customers trust AWS to accelerate innovation, transform their businesses, and
shape the future. With the most comprehensive AI capabilities and global
infrastructure footprint, AWS empowers builders to turn big ideas into reality.
Learn more at aws.amazon.com and follow @AWSNewsroom.

Media Contact AWS:
Andrew Grafton
andgraf@amazon.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.


Source

TGS ASA

Provider

Oslo Børs Newspoint

Company Name

TGS ASA

ISIN

NO0003078800

Symbol

TGS

Market

Euronext Oslo Børs