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TGS Awarded OBN Contract in Gulf of America

globenewswire.com
TGS TGS announced the award of an ultra-high resolution OBN contract in the Gulf of America, with a deep-water crew scheduled to mobilize in early June 2026. The CEO expressed pleasure in securing the contract, highlighting its role within a long-term agreement and the benefits of collaborative survey design, reduced planning time, and application of new technology.

TGS Awarded OBN Contract in Gulf of America OSLO, Norway (11 May 2026) – TGS, a leading global provider of energy data and intelligence, is pleased to announce the award of an ultra-high resolution OBN contract in the Gulf of America. A deep-water crew is scheduled to mobilize early June 2026.

Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this ultra-high resolution OBN contract. This is part of a long-term agreement and as such we have worked extensively together with our client on survey design solutions. This award shows the value the long-term agreement has for both our client and TGS, reducing planning time, ensuring availability and applying new technology. The long-term agreement ensures that the same crew which the client used before, will execute the work, ensuring continuity from an HSEQ and operational perspective.”

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.