Electromagnetic Geoservices ASA

Regulatory Filings • Sep 9, 2014

EMGS - Agreement with Petrobras for EM Leader

EMGS - Agreement with Petrobras for EM Leader

Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 5.5

million from Petrobras for 3D EM data acquisition in Brazil.

"With this contract, we are back in a strategically important region for us. We

look forward to working with Petrobras again and expect to see more work in this

region going forward," says CEO of EMGS, Roar Bekker.

All necessary permits are in place and the start-up of acquisition will be as

soon as practically possible. The survey will be done using the vessel EM

Leader, which is currently in St. Thomas. The vessel will head towards Brazil

immediately. The transfer is expected to take 5-7 days.

Contacts

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

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#1854496]