Electromagnetic Geoservices ASA

Business and Financial Review • Oct 21, 2015

EMGS - Extension of contract for oil company in Malaysia

EMGS - Extension of contract for oil company in Malaysia

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the Company

has signed a contract extension worth approximately USD 7 million with an oil

company in Malaysia.

As announced on 7 August 2015, EMGS received a letter of award for a contract

worth approximately USD 4.2 million for 3D EM data acquisition over the oil

company's operated area in Malaysia. The acquisition was completed on 9 October

The vessel BOA Thalassa will commence the extension of the survey today, 21

October, and expected duration of the survey is approximately one and a half

month. The survey is located off East Malaysia.

Contacts

Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59

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 main offices in Trondheim and Oslo,

Norway; Houston, USA; and Kuala Lumpur, Malaysia.

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.

[HUG#1960309]