Core Insights - TGS has entered a multi-year strategic agreement with Amazon Web Services (AWS) to leverage cloud computing and Generative AI for transforming energy exploration and resource extraction [1][4] - The collaboration aims to accelerate time-to-insight and reduce exploration uncertainty for TGS' customers, marking a significant shift in geoscience [1][3] TGS and AWS Collaboration - TGS is modernizing its seismic imaging and analytics by utilizing AWS's high-performance computing (HPC) and Generative AI, aiming to exceed current industry performance [2] - The partnership includes the migration of TGS Data Verse, the largest subsurface seismic library, to AWS, enabling the creation of an exploration-ready atlas of the subsurface [3] - TGS is deploying a multi-modal Subsurface Foundation Model (SFM) on Amazon Bedrock, which will process diverse data types for a comprehensive subsurface understanding [3] Technological Advancements - TGS is utilizing Amazon Elastic Compute Cloud (EC2) to execute highly parallelized workloads, scaling to millions of CPUs for rapid turnaround on complex deliverables [2] - The use of NVIDIA instances and specialized AWS hardware accelerators allows TGS to deliver high-definition seismic imaging and petabyte-scale data on demand [2] Industry Impact - The partnership is expected to unlock greater value from seismic data for energy companies, optimizing exploration workflows and enabling more confident decision-making [4] - TGS has already migrated petabytes of data to AWS, demonstrating the scale and commitment of this strategic relationship [4]

Core Insights - TGS, a leading global provider of energy data and intelligence, published its 2025 Annual Report and Management Remuneration Report on March 20, 2026 [1][2] Group 1: Company Overview - TGS provides advanced data and intelligence to companies in the energy sector, utilizing leading-edge technology and solutions across the entire energy value chain [2] - The company offers a comprehensive range of insights to assist clients in making informed decisions, supported by a diverse energy data library [2] Group 2: Report Availability - The Annual Report is available in the European Single Electronic Format (ESEF) and can be downloaded from the TGS website or Newsweb [2] - For further inquiries, contact information for Bård Stenberg, VP IR & Business Intelligence, is provided [2]

Group 1 - TGS has announced a new acquisition campaign for the Ramform Vanguard, set to begin in mid-March, focusing on an oil and gas site survey followed by two offshore wind contracts, extending activities into the third quarter [1] - CEO Kristian Johansen expressed satisfaction with the acquisition campaign, highlighting potential for further work in the market and the possibility of extending the campaign towards the end of Q3 [2] - TGS aims to broaden its product offering by conducting its first oil and gas site survey, leveraging its Ultra High Resolution 3D streamer solution, which has a proven track record in offshore wind site characterization [2] Group 2 - TGS provides advanced data and intelligence to the energy sector, offering a comprehensive range of insights to support exploration and production of energy resources worldwide [3] - The company utilizes leading-edge technology and solutions that span the entire energy value chain, making it a trusted partner for clients in the industry [3]

Financial Performance - TGS reported Q4 2025 revenues of USD 363 million, driven by strong multi-client performance with a sales-to-investment ratio of 2.0x for the full year 2025 [5] - The company achieved an order inflow of USD 598 million in Q4 2025, marking the best quarter since before the pandemic, and increased total order backlog to USD 706 million [5] - TGS generated a net cash flow before dividends of over USD 200 million and reduced net debt to USD 427 million by year-end, despite challenging market conditions [2][5] Strategic Insights - The Imaging division experienced a 65% growth in pro-forma external revenue for 2025, attributed to a sharpened strategic approach [1] - The company maintained a focus on cost and capital efficiency, leading to a substantial reduction in costs [2] - Management anticipates a sustained recovery in demand as the global oil market is expected to move toward a more balanced state in the latter part of 2026 [3] Future Guidance - For 2026, TGS plans to invest in multi-client projects in the range of USD 500-575 million, an increase from USD 447 million in 2025, supported by strong customer commitments [5] - The company expects significant increases in vessel utilization driven by high multi-client activity, with OBN activity anticipated to be in line with 2025 [5] - Gross operating costs are projected to be approximately USD 950 million, with capital expenditures expected to remain at similar levels as in 2025 [5]

Core Insights - TGS has launched the Ultra Profundo multi-client 2D survey offshore Angola, covering approximately 12,600 line kilometers, with data acquisition expected to be completed in about 100 days and full data processing scheduled for completion in Q2 2027 [1][2]. Group 1: Survey Details - The Ultra Profundo survey is the first 2D multi-client acquisition in Angola's ultra deepwater areas since 2015, targeting a highly underexplored region [2]. - The survey aims to provide modern, long-offset seismic data essential for imaging complex pre-salt and top-salt structures, enhancing regional geological understanding [2]. Group 2: Company Perspective - TGS's CEO, Kristian Johansen, highlighted that Angola's ultra deepwater margin represents a significant frontier exploration opportunity in West Africa, with the Ultra Profundo program delivering high-quality seismic coverage to unlock pre-salt and sub-salt potential [3]. - TGS emphasizes its advanced acquisition and imaging capabilities to support future exploration activities in the energy sector [3]. Group 3: Company Overview - TGS provides advanced data and intelligence to energy sector companies, offering a comprehensive range of insights to aid in decision-making across the energy value chain [4]. - The company boasts a global, extensive, and diverse energy data library, positioning itself as a trusted partner in energy resource exploration and production [4].

Core Insights - TGS, in collaboration with SLB, has launched Engagement 9, a new phase of their Ocean Bottom Node (OBN) multi-client campaign in the Gulf of America [1][5] - Engagement 9 aims to improve subsurface illumination in the Walker Ridge protraction area, which is known for its structural complexity and hydrocarbon potential [2][3] - The project covers 161 OCS blocks and includes significant producing assets, enhancing imaging quality and supporting field development [2][3] Project Details - The acquisition phase of Engagement 9 is expected to conclude in July 2026, with final data products anticipated for release in the second half of 2027 [4] - The use of a low frequency source in the project is designed to enhance full waveform inversion (FWI) and long wavelength velocity model building [2][3] Strategic Importance - Engagement 9 is positioned to unlock infrastructure-led exploration opportunities, providing clients with greater subsurface confidence in a commercially successful region [3] - The project reflects TGS's commitment to technological innovation and delivering high-value subsurface insights to customers [5]

Core Viewpoint - TGS has secured an ocean bottom node (OBN) contract in Europe, which will enhance its data acquisition campaign for the 2026 season [1][2]. Group 1: Contract Details - The OBN contract has a duration of approximately 45 days, with acquisition activities set to begin in early April [1]. - The contract is aimed at optimizing resource extraction over a well-established producing field for a repeat customer [2]. Group 2: Company Insights - TGS is recognized as a leading provider of energy data and intelligence, offering advanced technology and solutions across the entire energy value chain [3]. - The company emphasizes its commitment to acquiring and delivering high-quality data, which supports clients in making informed decisions in the energy sector [2][3].

Core Insights - TGS has secured a 4D streamer acquisition contract in the North Sea, offshore Norway, with a survey scheduled to begin in Q2 2026 and expected to last approximately 65 days [1] Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced data and technology solutions across the entire energy value chain [3] - The company utilizes proprietary GeoStreamer technology and Ramform-designed vessels to deliver high-quality data for optimizing oil and gas production [2] Contract Details - The contract is awarded to TGS by a repeat customer, indicating a strong relationship and trust in TGS's capabilities [2] - The survey will be conducted using a Ramform vessel, showcasing TGS's advanced technological capabilities in the energy sector [1][2]

Core Viewpoint - TGS, a leading global provider of energy data and intelligence, is set to release its Q4 2025 results on February 12, 2026, at 07:00 a.m. CET, with a public presentation following at 09:00 a.m. CET [1] Group 1 - The Q4 2025 earnings release and presentation will be accessible on TGS's official website and news platforms [2] - CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at Thon Hotel Vika Atrium in Oslo, Norway [1] - The presentation will be webcasted live, allowing broader access for stakeholders [1] Group 2 - TGS specializes in providing advanced data and intelligence to the energy sector, supporting exploration and production activities [3] - The company utilizes cutting-edge technology and a diverse energy data library to assist clients in making informed decisions [3] - TGS is recognized as a trusted partner in the global energy market, offering a comprehensive range of insights across the energy value chain [3]

Core Viewpoint - TGS ASA has reported significant changes in its operational metrics for Q4 2025, indicating a shift in its seismic vessel utilization and multi-client investment, which reflects a strong market position and operational efficiency [1][3]. Operational Metrics - The normalized Ocean Bottom Node (OBN) crew count for Q4 2025 was 0.7 for contracts and 1.0 for multi-client projects, compared to 3.5 and 0.0 respectively in Q4 2024 [1]. - The allocation of active seismic streamer 3D vessel capacity showed a decrease in contract work from 35% in Q4 2024 to 31% in Q4 2025, while multi-client work increased from 31% to 48% [2]. Financial Overview - TGS expects multi-client investment to reach approximately USD 120 million in Q4 2025, up from USD 100.4 million in Q4 2024 [2]. - The company reported a seismic vessel utilization rate of 79% in Q4 2025, an increase from 73% in the previous quarter [3]. - TGS has reduced its net interest-bearing debt to approximately USD 430 million, indicating a stronger balance sheet [3]. Future Outlook - The company has established a portfolio of multi-client projects offshore Brazil, with plans to maintain half of its streamer fleet in the region into 2026 [3]. - TGS will release its Q4 2025 results on February 12, 2026, with a live presentation by the CEO and CFO [3].