OSLO, Norway (23 October 2025) – TGS, a global provider of energy data and intelligence, announces the Roosevelt 3D seismic onshore survey in the Uinta Basin. Covering 202 square miles of full fold data, this survey marks TGS’ first multi-client project in the region and a significant step in advancing exploration within one of North America’s prominent basins. Kristian Johansen, CEO of TGS, commented, “The Roosevelt 3D survey is a pivotal milestone in our expansion into the Uinta Basin. Through the applica ...

OSLO, Norway (23 October 2025) - TGS today reports interim financial results for Q3 2025. Financial highlights: Recovery after weak second quarter - Q3 revenues of USD 388 million, a 26% sequential growthSolid multi-client performance with sales-to-investment of 1.9x year-to-dateOrder inflow of USD 436 million during Q3 2025 – total order backlog of USD 473 millionStrong cash flow reducing net debt to USD 432 million, compared to USD 479 million at the end of Q2 2025Solid balance sheet allows for stable div ...

Core Insights - TGS has secured an OBN acquisition contract in the Gulf of America, with a 4D monitor survey set to begin in Q4 2025 and lasting approximately 4.5 months [1][2] Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced technology and solutions across the entire energy value chain [3] - The company has a diverse energy data library and aims to support clients in making informed decisions regarding energy resource exploration and production [3] Market Position - The Gulf of America is identified as a core market for TGS's OBN business, highlighting the importance of this region for the company's operations [2] - The contract is with a repeat IOC customer, indicating a strong relationship and trust in TGS's capabilities [2]

OSLO, Norway (15 October 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a streamer acquisition contract in Africa. Acquisition is scheduled to commence in Q4 this year and the contract has a duration of approximately 50 days. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this work program and look forward to supporting our client’s exploration efforts in the region with our proven technology and expertise. By leveraging the Ram ...

Core Insights - TGS ASA reported a significant increase in asset utilization for Q3 2025, with a normalized Ocean Bottom Node (OBN) crew count of 2.8 and streamer vessel utilization at 73%, surpassing previous expectations of 2.5 and 65% respectively [2] Group 1: Operational Performance - The normalized OBN crew count for TGS in Q3 2025 was 1.8 for contracts and 1.0 for multi-client projects, compared to 3.8 and 0.0 in Q3 2024 [1] - The allocation of active seismic streamer 3D vessel capacity showed a notable increase in contract utilization to 45% in Q3 2025 from 20% in Q3 2024, while multi-client utilization decreased to 28% from 57% [1] - TGS maintained a consistent number of vessels at 6 for both Q3 2025 and Q3 2024 [1] Group 2: Financial Expectations - TGS anticipates a multi-client investment of approximately USD 86 million in Q3 2025, a decrease from USD 129.4 million in Q3 2024 [1] - The company will release its Q3 2025 results on 23 October 2025, with a presentation by CEO Kristian Johansen and CFO Sven Børre Larsen [2]

Core Insights - TGS has launched a new multi-client Ultra-Long Offset Ocean Bottom Node (OBN) data acquisition campaign named Amendment West-1 in the Gulf of America, expanding its coverage in the Paleogene West play by over 5,400 square kilometers [1][3] Group 1: Project Details - The Amendment West-1 survey utilizes TGS' Gemini™ enhanced frequency source and ZXPLRe™ nodes, designed for deep penetration and improved imaging while maintaining high-frequency content [2] - The dataset from Amendment West-1 will enhance subsurface clarity in the East Breaks area, which is expected to be competitive in future lease rounds, particularly for operators focused on the Paleogene play [3] - Data acquisition for the project began in mid-September 2025 and is expected to conclude by mid-March 2026, with initial product delivery scheduled for Q2 2026 [4] Group 2: Company Commitment and Technology - TGS is committed to providing high-quality seismic acquisition and imaging solutions, with the Amendment West-1 survey being a key initiative to support Paleogene exploration targets [5] - The project leverages advanced seismic source and imaging technologies, including Elastic Full-Waveform Inversion (E-FWI) and Reverse Time Migration (RTM), to deliver superior seismic data for exploration and development [3][5] Group 3: Industry Context - The Paleogene play has gained momentum due to recent technological breakthroughs in production, making it an attractive area for exploration [3] - TGS' recent advancements in processing have garnered significant industry attention, reinforcing its position as a leader in advanced imaging capabilities [5]

Core Insights - TGS has announced the PAMA Phase II 3D multi-client survey in the Equatorial Margin area offshore Brazil, expanding its coverage significantly in a highly prospective basin [1][2][4] - The survey will cover an additional 11,500 square kilometers, including blocks nominated for upcoming license rounds in 2026 and 2027 [2] - The project is supported by industry funding and utilizes advanced TGS GeoStreamer technology for high-quality data acquisition [2][4] Industry Context - The Pará-Maranhao Basin is recognized for its functioning deepwater petroleum system, attracting interest due to discoveries in neighboring countries like Guyana and Suriname [3] - TGS aims to leverage its advanced acquisition capabilities to provide substantial value for clients' exploration activities in the basin [4] - The ongoing Megabar extension multi-client project in the Barreirinhas Basin will see two Ramform Titan-class vessels active in the Equatorial Margin through the remainder of 2025 [4]

Core Insights - Viridien and TGS have launched the Megabar Extension Phase I survey in the Barreirinhas Basin, covering 5,300 sq km, aimed at enhancing geological understanding and exploration potential in the region [1][4] - The Barreirinhas Basin is noted for its proven petroleum systems and recent licensing activities by international oil companies (IOCs), indicating a growing interest in the area [2][5] - The survey will utilize TGS's advanced GeoStreamer technology aboard the Ramform Tethys vessel, with data acquisition set to begin in early September and conclude by late November [3] Company Insights - Viridien is a technology and Earth data company focused on providing innovative solutions for natural resource challenges, employing around 3,200 people globally and listed on Euronext Paris [6] - TGS is committed to delivering high-quality data for exploration in Brazil's equatorial margin basins, leveraging its expertise to support the energy industry [5] Industry Insights - The Megabar Extension Phase I survey is positioned in a promising area with no existing 3D data, which could lead to new exploration opportunities and improved prospect evaluation [3][4] - The project is expected to generate significant interest and value for clients, providing them with an early-mover advantage in the underexplored Barreirinhas Basin [5]

Core Insights - TGS, in collaboration with Viridien, has launched the Megabar Extension Phase I survey in the Barreirinhas Basin offshore Northern Brazil, covering an area of 5,300 sq km [1][2] - The survey aims to enhance geological understanding and support exploration activities in a region with proven petroleum systems and significant discoveries in nearby basins [2][4] Company Overview - TGS is a global leader in energy data and intelligence, providing advanced data and insights to support exploration and production in the energy sector [6] - The company utilizes cutting-edge technology, including proprietary GeoStreamer technology, to acquire high-quality 3D seismic data [3][5] Industry Context - The Barreirinhas Basin is gaining momentum due to recent licensing activities by international oil companies (IOCs) and the success of Brazil's 5 Cycle Permanent Concession Offer [2] - The Megabar Extension survey is positioned to provide early-mover advantages for explorers in this underexplored area, potentially leading to new exploration opportunities [5]

Core Insights - TGS has been awarded a significant streamer contract offshore Indonesia, covering approximately 10,000 square kilometers [1] - The project will primarily focus on acquiring 3D seismic data, with a final phase dedicated to 4D seismic data acquisition for production monitoring [2] - The survey is set to commence in Q4 2025 and will last for an estimated total duration of eight months [2] Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced technology and solutions across the entire energy value chain [4] - The company utilizes proprietary GeoStreamer technology and purpose-built vessels to ensure high-quality data delivery and efficient acquisition [3] - TGS supports exploration and production of energy resources globally, backed by a comprehensive range of products and an extensive energy data library [4]