Electromagnetic Geoservices ASA

Regulatory Filings • Sep 4, 2014

EMGS - Agreement with Statoil for the Norwegian Sea

EMGS - Agreement with Statoil for the Norwegian Sea

Electromagnetic Geoservices ASA (EMGS) has received a supplement agreement from

Statoil Petroleum AS worth approximately USD 1.0 million for multi-client 3D EM

data acquisition in the Norwegian Sea.

The Company expects to commence the survey shortly, after completing the survey

for Statoil announced on 2 June 2014 in the same area, using the vessel Atlantic

Guardian.

Contacts

Svein Knudsen, EMGS chief financial officer, +47 73 56 88 10

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.

[HUG#1853638]