Spectrum ASA : Spectrum (OSE: SPU) extends its MC3D coverage offshore Lebanon


(Oslo, November 19th, 2012) Spectrum is pleased to announce the start of Phase II of its Multi-Client 3D survey in the Levantine Basin offshore Lebanon. The survey is carried out in cooperation with Fugro and the vessel will acquire the data using 8 streamers.

The survey is adjacent to Phase I and is to comprise 1,200 square kilometers. The acquisition is scheduled to finish in December, and a fast-track product is planned to be available for delivery to clients by end January 2013, with final product availability mid April 2013.

For further information or questions, please contact:
Jan Schoolmeesters, COO, Spectrum ASA

Email: jan.schoolmeesters@spectrumasa.com
Tel: +47 23 01 49 60
Cell : +4791 77 79 61
Or,
Arne Helland, EVP Strategy & Business Development
Email : arne.helland@spectrumasa.com
Tel : +47 23 01 49 60
Cell : +47 91 88 78 29
About Spectrum
Spectrum provides innovative Multi-Client seismic surveys and high-quality
seismic imaging services to the global oil and gas industry from offices in
Norway, the UK, US, Brazil, China, Egypt, Australia, Indonesia and Singapore.
Spectrum's Multi-Client strategy focuses on both the major, established
hydrocarbon-producing regions of the world as well as key frontier areas
identified by our experienced team of geoscientists. The Spectrum library of
Multi-Client data has projects from many of the foremost oil producing regions
of the world. These include new acquisition, reprocessing and interpretation
reports.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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