Spectrum ASA: Spectrum commences 2D Multi-Client Project offshore Pelotas Basin, Brazil


(Oslo, 6. February 2015) Spectrum has commenced a 12,000 kilometer Multi-Client 2D seismic survey offshore the Pelotas Basin of Brazil.

The new acquisition program will infill both Spectrums' new 7,500 kilometer survey acquired in 2013 and 12,000 kilometers of data reprocessed in 2014, covering open acreage in the Pelotas basin and providing industry with over 31,000 kilometers of new data over the area. It is highly anticipated that the area will be included in the next licensing round, expected in late 2015.

The data is being collected by the vessel BGP Challenger and will be processed in Spectrum's processing center in Houston. PreSTM and PreSDM data will be available in early Q3 2015.

Richie Miller, EVP Multi-Client North & South America, comments: "We believe our positioning to commence this survey fits within the timelines of our clients of delivering quality data early in the round evaluation process. Along with our latest campaign in the Sergipe and Alagoas basins, Spectrum will deliver over 56,000 kilometers of 2D data to industry for these areas."

The survey is supported by industry funding.

For further information or questions, please contact:


Jan Schoolmeesters, COO, Spectrum ASA
Email: jan.schoolmeesters@spectrumasa.com
Tel: +47 91 77 79 61

Richie Miller, EVP Multi-Client North & South America
Email: richie.miller@spectrumasa.com
Tel: +1 281 698 8850

Arne Helland, EVP Strategy & Business Development
Email: arne.helland@spectrumasa.com
Tel: +47 23 01 49 69, Cell: +47 91 88 78 29

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

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