“We are grateful for Fredrik’s contribution to TGS, both in his position as CFO and in prior positions in the company. We wish him the best of luck in his future endeavors as he pursues opportunities outside of TGS. Thanks to the breadth and depth of the TGS leadership team, we are pleased to have an internal candidate to fill the role with immediate effect. As part of his previous responsibilities, Sven played an important part in the transformation of TGS from a geophysical data company to a broad energy data company. As CFO, he will continue to contribute to the growth of the company in this new market,” says
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 specialized services such as advanced processing and analytics alongside 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 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, as well as volatile market conditions, which have been exacerbated by the COVID-19 pandemic and the severe drop in oil prices. 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 further information, contact:
Sven Børre Larsen, CFO, investor@tgs.com, +47 90 94 36 73
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