TGS-NOPEC geophysics company announces company name change

OSLO, NORWAY (June 3, 2021) – TGS-NOPEC Geophysical Company ASA, a global provider of energy data and intelligence, will begin operating under the new name of TGS ASA. TGS ASA reflects both the evolution of the company as well as its vision for the future.

Kristian Johansen, CEO of TGS, commented: “As part of our new strategy to provide deeper insight and understanding across the entire energy spectrum, our board and management believe it was appropriate to rename our company to more specifically reflect this vision. We are excited about the new name of our company TGS ASA as it allows us to better represent our company to our customers and stakeholders and further positions us to meet the energy industry where it is and where it is. directed.

About TGS
TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialist services such as advanced processing and analysis, as well as cloud-based data applications and solutions.

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 on assumptions as to future events which may not prove to be accurate. . These factors include TGS’s dependence on a cyclical industry and its major customers, TGS’s ability to continue to expand data licensing markets, and TGS’s ability to acquire and license data. process data products at costs commensurate with profitability, as well as volatile market conditions, which have been exacerbated by the COVID-19 pandemic and the sharp drop in oil prices. Actual results may differ materially from those expected or projected in forward-looking statements. TGS assumes no responsibility or obligation to update or change any forward-looking statements for any reason.

For more information visit TGS.com or contact:

Sven Børre Larsen
SVP Strategy
+47 90 94 36 73
investor@tgs.com


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