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TGS Announces Extension to Multi-Year Ocean Bottom Node Contract

globenewswire.com
TGS The company announced an extension to a multi-year contract, indicating continued business and revenue for an additional 3 years. This suggests positive ongoing operations and customer satisfaction.

TGS Announces Extension to Multi-Year Ocean Bottom Node Contract OSLO, Norway (20 April 2026) - TGS, a leading global provider of energy data and intelligence, today announces that the ongoing multi-year proprietary Ocean Bottom Node (OBN) acquisition contract in the Gulf of America has been extended for an additional 3-year duration.

Kristian Johansen, CEO at TGS, commented, “This continuation of a long-term commitment from a major producer in the Gulf of America and strategic customer reflects our unwavering commitment to innovation and excellence and highlights our ability to adapt to evolving industry priorities. Through our continued service quality and commitment to operating safely and sustainably, we will continue to support the industry to maximise the potential of existing developments.”

For more information, visit TGS.com or contact:

Bård Stenberg

VP IR & Business Intelligence

Mobile: +47 992 45 235

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.