On 11 February, TGS hosted a Capital Markets Day where the Company presented its future strategic priorities. Organizational changes to support the strategic plan have now been implemented. The New Energy Solutions (NES) business unit, which has been established to pursue opportunities related to the Energy Transition, will be led by Jan Schoolmeesters.

Oil and Gas Insights, which consists of multi-client seismic and well data products, has been organized in two business units, Eastern Hemisphere (EH) and Western Hemisphere (WH). These two Business Units, which represent a simplification of the operating model and fewer management layers, will be led by Will Ashby and David Hajovsky, respectively.

To further enhance the company's focus on Environmental, Social and Governance issues (ESG), Whitney Eaton has been promoted to the Executive Management team with responsibility for ESG and compliance.

As part of the reorganization, Rune Eng has stepped down from his role as EVP International and has assumed an advisory role until he will retire, effective 1 September 2021.

More background information regarding the executive team members can be found at https://www.tgs.com/about-us/leadership.

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.

For more information, contact:

Jaclyn Townsend
TGS - Director, Corporate Marketing
jaclyn.townsend@tgs.com

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TGS-NOPEC Geophysical Company ASA published this content on 05 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2021 21:20:10 UTC.