TGS Launches New Chapter with Announcement of Merger Completion, New Executive Team and Capital Markets Day

TGS, a global leader in energy data and intelligence, today launched a new chapter in its 43-year history. The company is excited to announce the completion of the merger with PGS, a new Executive team and a Capital Markets Day on 29 August 2024. This announcement positions TGS as the foremost data and services company across the energy value chain.

"This is more than a merger of two companies," said Kristian Johansen, CEO at TGS. "It's a blending of strengths, uniting our robust financial performance, exceptional customer service, operational excellence, cutting-edge technology and innovation. Our new executive team is poised to drive forward these advancements with a fresh strategic vision, ensuring that our combined expertise translates into greater value for our customers and shareholders; while our new brand identity captures our commitment to being a strategic partner for energy companies worldwide, providing the insights and solutions needed for today and anticipating the challenges of tomorrow."

Capital Markets Day, 29 August 2024, Oslo:

The merger of TGS and PGS forms a powerhouse in the energy sector, enhancing its capabilities to support energy exploration and production on a global scale. As the industry evolves, TGS is ideally positioned to serve the entire energy market with more comprehensive, advanced solutions. This integration will enable the Company to leverage a wider pool of technological resources and expertise, significantly boosting its operational efficiency, innovation and customer engagement strategies. TGS leadership will present more information on the vision for the new Company at a Capital Markets Day, to be held in Oslo on 29 August 2024.

The New TGS Executive Team:

The newly formed executive team at TGS combines the strengths and expertise of both companies, bringing together a wealth of experience and fresh perspectives to enhance the Company's operations. The team comprises:

• Kristian Johansen, Chief Executive Officer (Houston) – Bringing extensive leadership and industry expertise, Kristian continues to drive TGS’ strategic initiatives, steering the company towards new opportunities and enhanced operational excellence within the energy market.
• Sven Borre Larsen, Chief Financial Officer (Oslo) – With over 20 years of experience in financial management within the energy sector, Sven will continue to oversee financial strategies that enhance our market leadership and support sustainable growth.
• Rob Adams, EVP Operations (Oslo) – With over 25 years of experience in the seismic industry, including leadership roles in PGS new ventures, processing, and operations, Rob will oversee project delivery and operational excellence for the company’s offshore operations and data acquisition technologies.
• Whitney Eaton, EVP Sustainability and Communication (Houston) – With over 15 years of legal and leadership experience within compliance, sustainability, HR and IT, Whitney will continue to drive forward TGS’ sustainability and communication strategies and lead the marketing, sustainability and compliance teams.
• Wadii El Karkouri, EVP Imaging and Technology (Houston) – With over 25 years of leadership experience in the energy and technology industries, including SLB and AWS, Wadii will drive innovation and technological advancements in seismic processing, data analytics and digitalization across the company.
• David Hajovsky, EVP Multi-client (Houston) – Bringing over 15 years of experience in the energy sector, David has held various leadership roles within both TGS and PGS and will continue to oversee and drive TGS’ global multi-client strategies and initiatives.
• Carel Hooijkaas, EVP New Energy Solutions (Houston) – With over 25 years of experience in the oilfield services and equipment industry, including as CEO of Magseis Fairfield, Carel will lead TGS’ New Energy Solutions covering wind, solar and CCS, as well as 4C Offshore and Prediktor.
• Nathan Oliver, EVP Contract (Houston) – With a career spanning over three decades in the energy sector, including leadership roles in multi-client, contract and imaging across the globe, and most recently leading PGS’ entire Sales and Services organization, Nathan will drive TGS’ contract acquisition strategies and initiatives.
• Kristin Omreng, EVP People and Culture (Oslo) – Bringing nearly 20 years of HR and Organizational Development experience, managing and developing global organizations in the energy industry, including at Aker Solutions and PGS, Kristin will lead initiatives that enhance TGS’ people and culture strategies.
• Tana Pool, EVP Legal (Houston) – With vast legal experience through her work as General Counsel in both the energy and construction industries and prior to that with several global law firms, Tana will continue to provide strategic legal guidance to support TGS’ operations and growth.

The New TGS Brand Identity:

TGS also unveiled its new brand identity. The redesigned TGS logo represents a blend of heritage, innovation, and financial strength. It maintains elements from the PGS brand, symbolizing the Company’s ongoing leadership in technology and operational excellence. The new visual identity supports TGS’ mission to deliver a wide variety of energy data and solutions that meet current demands while foreseeing future needs.

"Our refreshed brand identity signifies a strategic evolution in our journey," Johansen added. "It combines our historical strengths with a progressive outlook, ensuring we remain at the forefront of the energy sector. We're excited to launch this new chapter with a clear vision and a strengthened commitment to our stakeholders."

TGS | www.tgs.com