OSLO, Norway (18 August 2026) – TGS, a leading global provider of energy data and intelligence, and Chevron Corporation (NYSE: CVX) today announced a strategic collaboration focused on advancing next-generation seismic imaging technology. Under the agreement, the two companies will jointly invest in research and development across key technical domains, including Elastic Full Waveform Inversion (eFWI) and machine learning–driven workflows, leveraging TGS' Imaging AnyWare platform and Chevron's proprietary algorithms.

"This collaboration reflects TGS' ambition to evolve into a true strategic imaging partner and to push the boundaries of what is possible in subsurface imaging," said Kristian Johansen, CEO of TGS. "Combining our platform, talent and scale with Chevron's world-class geoscience expertise creates meaningful long-term value for both organizations."

TGS will participate in IMAGE 2026 in Houston, where attendees can learn more about the company's imaging technologies and innovation initiatives. For additional information, visit www.tgs.com.

About TGS

TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com.

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Bård Stenberg

IR & Business Intelligence

investor@tgs.com