Oslo, Norway (17 September 2024) - TGS, a global leader in energy data and intelligence, has successfully completed the acquisition of an ultra-high-resolution 3D (UHR3D) survey on behalf of Community Offshore Wind  in the New York Bight. The survey characterized soil conditions at the site, which is critical for designing the offshore wind project. The survey commenced in October 2023 and had a total duration of more than eight months.
Community Offshore Wind, a joint venture between RWE and National Grid Ventures, won the largest parcel in the competitive lease sale off the coasts of New York and New Jersey, held in February 2022 by the Bureau of Ocean Energy Management (BOEM). The lease area has the potential to host 3 gigawatts (GW) of capacity, enough to power over one million homes and businesses.

TGS was contracted to acquire UHR3D data over the entire lease, providing significantly more detailed information about the near-surface geology than traditional site surveys, which have historically used 2D technology. The survey was conducted by the TGS vessel Sanco Swift, and this was the second offshore wind site characterization project for TGS.
Carel Hooijkaas, EVP of New Energy Solutions at TGS, commented, “The acquisition of UHR3D seismic over the full lease will provide Community Offshore Wind with a solid foundation to develop their offshore wind farm site in the New York Bight. Our geophysical approach to mapping and understanding the shallow subsurface layers will reduce uncertainty and speed up site characterization. We have received considerable interest in our solution from pioneering developers, and this high demand has driven our decision to invest in an additional UHR3D streamer set, which will be in operation in a few weeks' time.”

“Community Offshore Wind is using the latest technology to study how the soil behaves in our lease area, so that we can engineer our project effectively and in a way that’s environmentally friendly,” said Doug Perkins, President and Project Director of Community Offshore Wind. “We are building a project that is going to generate clean energy for communities in the US Northeast for roughly 30 years, so precision is key for building a project of this scale. The data acquired from the survey allows to plan with more precision and certainty than ever before.”

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/).

About Community Offshore Wind: 
Community Offshore Wind is a joint venture between RWE and National Grid, will bring clean energy to the North-eastern US. They will develop offshore wind on the largest parcel in the New York Bight with the potential to host 3 gigawatts (GW) of capacity, which is enough to power over one million US homes and businesses. The project is expected to be in operation by 2030. Community Offshore Wind is dedicated to investing in communities by bringing clean energy jobs to the region and growing the local economy. They will deliver sustainable energy safely, reliably, and efficiently to the communities they serve. 

About RWE Renewables: 
RWE is leading the way to a green energy world. With an extensive investment and growth strategy, the company will expand its powerful, green generation capacity to 50 gigawatts internationally by 2030. RWE is investing 50 billion gross for this purpose in this decade. The portfolio is based on offshore wind and onshore wind, solar, hydrogen, batteries, biomass and gas. RWE Supply & Trading provides tailored energy solutions for large customers. RWE has locations in the attractive markets of Europe, North America and the Asia-Pacific region. The company is responsibly phasing out nuclear energy and coal. Government-mandated phaseout roadmaps have been defined for both of these energy sources. RWE employs around 19,000 people worldwide and has a clear target: to get to net zero by 2040. On its way there, the company has set itself ambitious targets for all activities that cause greenhouse gas emissions. The Science Based Targets initiative has confirmed that these emission reduction targets are in line with the Paris Agreement. Very much in the spirit of the company’s purpose: Our energy for a sustainable life. 

About National Grid Ventures: 
National Grid is an electricity, natural gas, and clean energy delivery company serving more than 20 million people throughout our networks in New York and Massachusetts. National Grid is focused on building a path to a more affordable, reliable clean energy future through our fossil-free vision. 

National Grid Ventures (NGV) is the non-regulated division of National Grid plc, one of the largest investor-owned energy companies in the world. NGV operates outside of National Grid’s core regulated businesses in the US and UK where it develops, operates and invests in energy projects, technologies and partnerships to accelerate the development of a clean energy future. NGV’s diverse portfolio of low carbon and renewable energy businesses across the UK, Europe and US includes subsea electricity interconnectors, wind and solar power, and battery storage. For more information, visit https://www.nationalgrid.com/national-grid-ventures. 

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:

Bård Stenberg
VP IR & Communication
investor@tgs.com