Press Releases

EMGS (OSL:EMGS) Electromagnetic Geoservices (EMGS) has completed the world's largest multi-client electromagnetic (EM) survey in the Barents Sea, ahead of Norway's 20th exploration licensing round.

The survey area, at more than 9000 km2 and covering 30 blocks, includes all the Barents Sea acreage in the licensing round.

Terje Eidesmo, EMGS chief executive commented: "The program has been heavily pre-funded and has generated a great deal of interest. We are excited by the results, which reveal valuable information related to the prospectivity of the survey areas. The EM data will give potential bidders a competitive advantage during the licensing round, and will help them to target their exploration resources more effectively."

The service on offer is Clearplay Find, which is a further development of the service previously referred to as 3D scanning. Clearplay Find data is acquired using 3-km-sampled, wide-azimuth 3D EM grids.

"EM data resulting from Clearplay Find is rapidly obtained and provides good, early indications of hydrocarbons and prospectivity. Exploration professionals now have a means for rapidly identifying leads and assessing new licence blocks more accurately than previously possible, before bidding or committing significant resources to new ventures," continued Eidesmo.

Clearplay Find offers the display of EM data as maps and 3D volumes and is easily integrated with seismic information and geological models. Combining EM techniques with conventional methods gives explorationists a clearer and more complete understanding of the subsurface.

For further information about EMGS's Clearplay offerings, please visit www.emgs.com

Contacts Terje Eidesmo, EMGS chief executive officer +47 73 56 88 10 Svein Knudsen, EMGS chief financial officer +47 22 01 14 00 Carl Hutchins, EMGS president multi-client group +1 713 819 4883

About EMGS EMGS is the market leader in electromagnetic (EM) imaging. The company launched the EM imaging industry in 2002 with the commercialisation of seabed logging, a proven exploration method that uses EM energy to help oil companies in their search for hydrocarbons. EMGS provides a full suite of services, including data planning, acquisition, imaging and interpretation. The company's integration systems enable seamless integration of EM data with seismic and other geophysical and geological information, giving explorationists a clearer and more complete understanding of the subsurface. This proprietary and patented technology has been developed over the past 10 years bringing dramatic improvement to exploration decision-making in frontier and mature provinces.

EMGS employs approximately 300 people from three main offices in Trondheim, Norway; Houston, USA; and Kuala Lumpur, Malaysia. The Company operates the world's largest EM vessel fleet and has conducted more than 350 surveys for many of the world's leading energy companies.

Please visit www.emgs.com for the latest news and in-depth information about EMGS and EM imaging technology.

For general enquiries please email findinghydrocarbons@emgs.com



LINK: http://hugin.info/137402/R/1243779/268021.pdf

EMGS

http://www.emgs.no/

ISIN: NO0010358484

Stock Identifier: XOSL.EMGS