Electromagnetic Geoservices ASA

EMGS signs agreement with Directorate General of Hydrocarbons in India

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

has signed a multi-client acquisition agreement with the Directorate General of

Hydrocarbons (DGH) in India. The agreement grants EMGS a two year permit to

acquire 3D EM multi-client data within a 325,000 square km area off West coast

India, crossing eight different tectonic provinces from Kutch-Saurashtra in

North to Ratnagiri in South.

The agreement also gives the DGH access to EMGS' 3D EM multi-client data

acquired going forward within the permitted area.

"We are encouraged by the Directorate's interest in how the use of our

technology can improve the understanding of the sub-surface and reduce drilling

risk in the defined areas. Some of the proposed areas are very challenging to

explore due to the presence of basalt from lava flows that created the

DeccanTraps. We believe our EM technology can play an important role in the

improvement of sub-basalt imaging in these areas," says Stig Eide Sivertsen, CEO

of EMGS.

In conjunction with oil companies in India, EMGS has identified 8 potential

survey areas to evaluate different geologic scenarios within the permit area.

The survey locations has been carefully chosen based on reviews of well and

seismic data that the Company has had access to, as well as evaluations of

feasibility and sensitivity for MMT and CSEM.

Contact

Svein Knudsen, EMGS chief financial officer, +47 911 41 149

Charlotte Knudsen, EMGS head of investor relations, +47 9756 1959

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#1954249]

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