OSLO, Norway (20 October 2025) - TGS, a leading provider of energy data and
intelligence, is pleased to announce the award of an OBN acquisition contract in
Gulf of America. The 4D monitor survey is scheduled to commence in Q4 2025, and
the acquisition duration is approximately 4.5 months. The contract was not
included in the booked position disclosed in TGS' Q2 2025 presentation.
Kristian Johansen, CEO of TGS, commented, "The Gulf of America is a core market
for our OBN business, and we are very pleased to secure this contract for a
repeat IOC customer. The client values our OBN technology, and in combination
with our proven track record of project execution and timely delivery, they are
confident we will deliver high-quality data and insights to optimize production
from one of their highest producing facilities in the Gulf of America."
For more information, visit TGS.com (http://www.tgs.com) or contact:
Bård Stenberg
VP IR & Business intelligence
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.