Board/Management Information • Jan 8, 2015
Board/Management Information
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EMGS - Bjarte Bruheim appointed CEO of EMGS
The new Board of Directors of Electromagnetic Geoservices ASA (EMGS) has
reviewed the Company's organization, and has resolved to appoint Bjarte H.
Bruheim as Chief Executive Officer of the Company effective from 7 January
2015. Bjarte Bruheim has been the Executive Chairman of EMGS since July 2004,
and he has extensive experience from the oil service sector over the past 30
years.
Consequently, the Company and Roar Bekker have agreed that Roar Bekker resigns
from the Company. He has held the position as CEO of EMGS since 26 May 2009, and
has been employed with the Company since 2007. The Board would like to thank
Roar Bekker for his valuable contribution to the positive development of EMGS
over last few years including the improved financial results.
"We are pleased that Bjarte Bruheim has accepted employment as CEO in EMGS.
Bjarte brings with him a unique experience and knowledge about the industry, and
he understands the challenges and opportunities for EMGS going forward," says
Chairman of the Board, Eystein Eriksrud.
"I look forward to continue to work to develop EMGS together with our highly
qualified team. I believe our products and technology will make a difference for
the oil and gas industry. The combination of different geophysical methods,
including EMGS products, will be more important with a low oil price. EMGS
products assist oil companies in reducing their expenses through increased
drilling success," says CEO of EMGS, Bjarte Bruheim.
Contact:
Eystein Eriksrud, Chairman of EMGS, +47 93 44 91 55
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#1885136]
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