Press Releases

Invitation to teleconference and webcast in connection with the announced acquisition of Spectrum

ASKER, NORWAY (3 May 2019) TGS-NOPEC Geophysical Company ASA (‘TGS’) on 2 May 2019 announced that it has agreed on the principle terms for the acquisition of Spectrum ASA (‘Spectrum’).  Kristian Johansen, CEO of TGS, and Rune Eng, CEO of Spectrum, will present the transaction and answer questions in a teleconference/webcast at 14.00 CEST today.

 Dial-in details:

Confirmation Code: 94034154#

Norway: +47 23500243

UK: +44 3333000804

US: +1 6319131422

The presentation can also be followed as a webcast at this link.

 Please see presentation material attached to this announcement. TGS investor presentation

About TGS

TGS provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

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 TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data product at costs commensurate with profitability. 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.

Sven Børre Larsen

Sven Børre Larsen

Chief Financial Officer

Tel: +47 90 94 36 73

Ellen Munkvold

Ellen Munkvold

IR Coordinator

Tel: +47 97 76 26 25