Press Releases

TGS’ new Chief Financial Officer, Kristian Johansen, to start 1 July 2010

ASKER, NORWAY (28 June 2010) - TGS announces 1 July 2010 as the official start date for the company's new Chief Financial Officer, Kristian Johansen.  Kristian's appointment had been announced earlier; however he has been prevented from fully engaging with TGS due to commitments with his previous employer.

Robert Hobbs, Chief Executive Officer of TGS, commented, "I am pleased to have Kristian join our executive team.  He not only brings to TGS a broad range of experience but he also has a proven record for financial oversight, investor relations and treasury activities. We look forward to his contribution towards the continued success and growth of TGS."

Most recently, Mr. Johansen was the Executive Vice President and CFO of EDB Business Partner in Oslo, which is one of the largest IT groups in the Nordic region.  Mr. Johansen also has experience in the construction, banking, and oil industries.  A native of Norway, Kristian earned his undergraduate and Masters degrees in business administration from the University of New Mexico in 1998 and 1999.

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