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EMGS: EMGS - Sales from multi-client library in the Barents Sea

Electromagnetic Geoservices ASA (EMGS) has entered into two new data licensing
agreements with two oil companies for the provision of 3D EM data from EMGS'
multi-client data library in the Barents Sea. The agreements are worth USD 4
million, net after adjustment for partner's share of revenues.


Svein Knudsen, Chief Financial Officer, +47 911 41 149
Charlotte Knudsen, Head of investor relations, +47 97561959
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,

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


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EMGS via Globenewswire


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