OSLO, Norway (29 January 2025) - TGS, a leading provider of energy data and
intelligence, is pleased to announce the award of an offshore wind site
characterization contract on the UK continental shelf for a repeat customer. The
contract has a total duration of approximately 60 days and is scheduled to
commence in Q1 2025.
The Ramform Vanguard will be used for this project and is equipped with Ultra-
high-resolution 3D (UHR-3D) streamers. The streamer technology samples 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 more
offshore wind site characterization contracts, extending our success in this
market during 2024. This project further highlights the integral role UHR-3D
acquisition has in providing our clients with better seismic data and helping
them make data-driven decisions for their wind farm developments."
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.