OSLO, Norway (07 May 2024) – TGS, a global provider of energy data and intelligence, has today announced the commencement of its latest multi-client wind measurement campaign using two LiDAR buoys offshore Germany in the North Sea.

The buoys are equipped with a multitude of sensors, allowing detailed measurements of wind, metocean and environmental data. The collected data is streamed to shore and used to enhance decision-making to support several current and future wind lease rounds in the German Bight.

The TGS multi-client approach, where multiple customers can subscribe to the same floating LiDAR data, significantly advantages offshore wind developers by reducing development costs and timelines and providing a unique, early opportunity to minimize uncertainty in future energy generation. Similar programs have already been deployed across the East Coast of America, where five buoys are currently collecting data, and offshore Norway, where data availability has averaged 96% at 160 m measurement height throughout the deployment.

Kristian Johansen, CEO of TGS, commented: "TGS is committed to supporting the growth of global offshore wind energy with data and insights. Early access to essential wind and metocean data significantly mitigates investment risks, empowers informed decisions, and ensures smooth project implementation across the wind development lifecycle. With this deployment, we can proudly boast eight offshore LiDAR campaigns concurrently collecting critical wind data worldwide, and more deployments are likely to follow as new areas open up globally."

The buoys offshore Germany, supplied by Green Rebel, will deliver a comprehensive wind data suite over a 24-month measurement campaign. In addition to wind speed measurements, the data package includes 12 months of critical metocean data, such as significant wave heights and ocean current profiles, acquired via Directional Waverider buoys and seabed-mounted Acoustic Doppler Current Profilers. Data will be continuously streamed, quality-controlled, and made available to customers daily through the Wind AXIOM platform, TGS' comprehensive site evaluation and wind data analytics tool. Wind AXIOM allows wind developers and stakeholders to constrain the most influential factors affecting the viability of offshore wind projects, improving the quality and speed of decisions.

All projects are supported by offshore wind industry funding.

About TGS
TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.

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.

For more information, visit TGS.com or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com