EMGS - Agreement with OMV (Norge) AS for the Barents Sea


Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 2.7 million from OMV (Norge) AS and its partners in PL537 for 3D EM data acquisition in the Barents Sea.


The survey will commence in July using the vessel Atlantic Guardian.


Contacts

Roar Bekker, EMGS chief executive 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.