PGS ASA: PGS, TGS and CGG Announce Strategic Partnership for shared MultiClient Data Offerings

15 December 2020, Oslo, Norway: PGS, TGS and CGG, industry leaders of MultiClient geoscience data, today announced a pioneering strategic partnership to offer a shared ecosystem providing direct access to their subsurface MultiClient data libraries.

The independent, cloud-based ecosystem will offer a single search point to access all three companies' MultiClient data and allow customers to interactively find, visualize and download their subsurface assets and entitlements all in one place.

Rune Olav Pedersen, President & CEO at PGS, said: "This partnership shows the possibilities when you combine a collaborative approach with the power and breadth of data and the vision to improve customer experience. Combining cloud agnostic direct access to three of the largest MultiClient data libraries in one place ensures enhanced efficiency, usability and reduced lead times, raising the bar on customer experience globally."

A beta version is targeted for release in the first quarter of 2021, enabling clients who own data to review the technology and provide feedback, as well as giving other commercial data suppliers the opportunity to evaluate the potential of joining the collaborative approach.

Kristian Johansen, CEO at TGS, said: "Proactively supporting our clients' digital transformation initiatives through the development of this one-of-a-kind vendor collaborative ecosystem, accessible from the users' desktop, is essential to the foundation for any future development of modern subsurface workflows and beyond."

A full launch of the ecosystem is expected in the second half of 2021. PGS, TGS and CGG intend to expand the scope of the project in the future to include additional features, vendors and data types.

Sophie Zurquiyah, CEO at CGG, said: "The industry historically lacked an ecosystem that provided a vendor neutral single point of access to the industry's commercial data. This new ecosystem is platform agnostic, which will enable clients to access MultiClient seismic and geologic data, when and where they need it."

For further project inquiry, please contact Tom Ziegler), Arvind Sharma), or Mark Ambrosi).

About PGS
PGS ASA and its subsidiaries ("PGS" or "the Company") is a focused marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The Company MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. The Company operates on a worldwide basis with headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).

For more information, visit PGS.comor contact:

Bård Stenberg
VP IR & Corporate Communication
Mobile: [phone]
E-Mail: [e-mail]

About TGS
TGS provides MultiClient geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include MultiClient 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, visit TGS.comor contact:

Jaclyn Townsend
Director, Corporate Marketing at TGS
Tel: [phone]
[e-mail]

About CGG
CGG (www.cgg.com) is a global geoscience technology leader. Employing around 4,000 people worldwide, CGG provides a comprehensive range of data, products, services and equipment that supports the discovery and responsible management of the Earth's natural resources. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

CGG offers a comprehensive portfolio of multi-disciplinary, MultiClient products, including the industry's most recent and technologically advanced seismic data library in the world's key locations.

For more information, visit CGG.comor contact:

Christophe Barnini
Group Communications & Investor Relations
Tel: + 33 1 64 47 38 11
E-Mail: [e-mail]