AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Electromagnetic Geoservices ASA

Board/Management Information Jan 8, 2015

3587_iss_2015-01-08_5a240826-e4ca-4906-a342-05546fc1a7fc.html

Board/Management Information

Open in Viewer

Opens in native device viewer

EMGS - Bjarte Bruheim appointed CEO of EMGS

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]

Talk to a Data Expert

Have a question? We'll get back to you promptly.