TGC TGS ASA

Perth, Australia (31 July 2024) – TGS, a global leader in energy data and intelligence, has announced a new seismic acquisition project offshore Seram, Indonesia. This project will cover over 1,800 kilometers of new 2D seismic data across the southeastern part of the basin, using a 12 km long offset streamer.

This marks the fifth seismic survey TGS has conducted in Indonesia this year, underscoring the company's commitment to the region. The project will leverage advanced processing techniques such as broadband Pre-Stack Time Migration (PSTM), Pre-Stack Depth Migration (PSDM), and 24 Hz Full Wave Inversion (FWI) to achieve high-quality imaging and detailed subsurface insights.

Kristian Johansen, CEO at TGS, commented, "Our latest seismic acquisition in Indonesia highlights TGS's dedication to delivering exceptional subsurface imaging and fostering strong partnerships with key stakeholders in the region. In the Seram basin, we are focused on using high-quality acquisition and processing methods to improve imaging below the shallow carbonates in the Seram thrust belt, where there are clear indications of active petroleum systems."

This project is supported by industry funding.

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.

For more information, visit TGS.com or contact:

Bård Stenberg          
VP IR & Communication
investor@tgs.com

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