TGS Successfully Commenced an Active North Europe Summer Season

Core Insights - TGS has significantly increased its acquisition activity in Northern Europe, deploying four acquisition vessels, which includes three seismic vessels and one offshore wind vessel, effectively doubling its capacity compared to 2024 [1] Acquisition Activity - All three seismic streamer vessels have successfully mobilized and are currently engaged in production on 4D seismic contracts, with TGS awarded a total of seven 4D contracts in Northern Europe this summer, amounting to approximately 280 acquisition days [2] - The Ramform Vanguard has been mobilized for an offshore wind site characterization contract offshore the UK, with plans for another similar contract following the current project [3] Project Completion - TGS' node-on-a-rope crew successfully completed a project in Northern Europe in May, as scheduled [4] Management Commentary - Carel Hooijkaas, EVP Operations at TGS, expressed excitement about the high level of acquisition activity in Northern Europe, highlighting the successful mobilization of vessels and a strong contract portfolio, which reflects the company's commitment to supporting energy companies [5]