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TGS Announces Sarawak Phase 4 Offshore Malaysia

Written by Customer Service on . Posted in Public Companies.

OSLO, Norway (18 August 2026) – TGS, a global provider of energy data and intelligence, announces the Sarawak Phase 4 multi-client program offshore Malaysia, covering approximately 1,020 square kilometers.

The Ramform Sovereign is scheduled to mobilize for the survey in the fourth quarter and acquisition is expected to be completed in December 2026.

The survey is the fourth phase of a multi-client contract to acquire and process up to 105,000 square kilometers of multi-client 3D seismic data in Sarawak. Over twenty thousand square kilometers have been acquired over the first three phases.

Kristian Johansen, TGS CEO, commented: “Sarawak basins are one of the most prolific hydrocarbon-bearing basins in Southeast Asia, holding major reserves of both oil and gas proven by numerous discoveries in recent years. TGS is pleased to announce Phase 4 of the Sarawak multi-client program, which will support the growing exploration interest of energy companies in this region. Malaysia continues to form a key part of our multi-client data library and we look forward to delivering high-quality multi-sensor Geostreamer seismic data across the Sarawak basins.”

PETRONAS, through Malaysia Petroleum Management (MPM), is actively enhancing its data sets that will introduce new plays to be explored, especially in imaging the pre-Middle Miocene Unconformity (MMU) play in the deep-water area of Sarawak Basin. This enhancement will enable clients to effectively conduct an assessment of the potential opportunities for exploration and participate in the Malaysia Bid Round.

The project is supported by industry funding.

For more information, visit TGS.com or contact:

Bård Stenberg
VP IR & Business Intelligence
Mobile: +47 992 45 235
investor@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 (https://www.tgs.com/).

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 volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. 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.

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