Correction: TGS Q3 2021 Earnings Update

OSLO, Norway (8 October 2021) – Based on preliminary reporting from operating units, TGS management expects net IFRS revenues* for the third quarter of 2021 to be approximately USD 200 million, compared to USD 58 million in Q3 2020. Net segment revenues* are expected to be approximately USD 61 million, compared to USD 81 million in Q3 2020. Kristian Johansen, CEO at TGS, commented: “The market conditions for multi-client seismic data continues to be very challenging. E&P companies’ 2021 budgets