Electromagnetic Geoservices ASA

Regulatory Filings • Nov 17, 2016

EMGS - Contract extension for oil company in Malaysia (confirmation of provisional award)

EMGS - Contract extension for oil company in Malaysia (confirmation of provisional award)

Electromagnetic Geoservices ASA (EMGS) is pleased to confirm that a firm

contract has been entered into with an oil company in Malaysia. This contract

confirms the provisional agreement announced in the stock exchange notice of 1

November 2016. As previously announced, this contract extension is worth

approximately USD 8 million. The agreement relates to a 3D EM data acquisition

offshore Sabah, East Malaysia. The vessel BOA Thalassa will perform the survey

which is estimated to take approximately two months with an expected completion

date early January 2017.

Contact

Hege Veiseth, CFO, +47 99 21 67 43

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,

Villahermosa, Rio de Janeiro and Kuala Lumpur.

For more information, visit www.emgs.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.