Electromagnetic Geoservices ASA

EMGS - Agreement for multi-client data offshore Faroe Island

Electromagnetic Geoservices ASA (EMGS) has received an agreement worth USD 4.3

million for multi-client data offshore the Faroe Island. The agreement includes

both late sales of the existing multi-client dataset acquired by EMGS in 2012

(the Brugdan-Rosebank Line) and pre-funding of an extension of the existing

dataset.

The new data is expected to be acquired in September by BOA Thalassa, following

completion of the announced contract for Tullow Oil in the North Sea. The

acquisition is expected to have duration of approximately 10 days.

Contacts

Roar Bekker, EMGS chief executive 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#1845393]

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