Electromagnetic Geoservices ASA

Related Party Transaction • Dec 8, 2014

EMGS awarded large 3D EM contract with BG Group in Uruguay

EMGS awarded large 3D EM contract with BG Group in Uruguay

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has been

awarded a contract from BG Group worth approximately USD 27 million for 3D EM

data acquisition in Uruguay.

"We are delighted to start working for BG in Uruguay on this survey. This

contract provides us with a substantially improved backlog and we look forward

to further developing our relationship with this customer," says Roar Bekker,

CEO of EMGS.

It is expected that the data acquisition will start around 15 December 2014 by

the vessel EM Leader. The survey has expected duration of 3.5 months.

Contacts

Roar Bekker, EMGS chief executive officer, +47 911 41 149

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

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.

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