Electromagnetic Geoservices ASA

Regulatory Filings • May 16, 2019

EMGS: Pre-funded multi-client survey in the Norwegian Barents Sea

EMGS: Pre-funded multi-client survey in the Norwegian Barents Sea

Electromagnetic Geoservices ASA ("EMGS" or the "Company") has entered into an

agreement for a fully pre-funded multi-client 3D CSEM survey in the Norwegian

Barents Sea.

The contract has a value of USD 1.25 million. The survey is expected to be

executed in the second quarter of 2019.

The Company will mobilise the vessel Atlantic Guardian for the survey.

Contact

Hege Veiseth, CFO, +47 992 16 743

About EMGS

EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)

technology to support oil and gas companies in their search for offshore

hydrocarbons. EMGS supports each stage in the workflow, from survey design and

data acquisition to processing and interpretation. The Company's services enable

the integration of EM data with seismic and other geophysical and geological

information to give explorationists a clearer and more complete understanding of

the subsurface. This improves exploration efficiency and reduces risks and the

finding costs per barrel.

EMGS operates on a worldwide basis with offices in Trondheim, Oslo, Houston,

Mexico City, Rio de Janeiro and Kuala Lumpur.

For more information, visit www.emgs.com (http://www.emgs.com/)

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act