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2015-09-24

EMGS: EMGS signs agreement with Directorate General of Hydrocarbons in India

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the Company
has signed a multi-client acquisition agreement with the Directorate General
of Hydrocarbons (DGH) in India. The agreement grants EMGS a two year permit
to acquire 3D EM multi-client data within a 325,000 square km area off West
coast India, crossing eight different tectonic provinces from
Kutch-Saurashtra in North to Ratnagiri in South.
The agreement also gives the DGH access to EMGS' 3D EM multi-client data
acquired going forward within the permitted area.
"We are encouraged by the Directorate's interest in how the use of our
technology can improve the understanding of the sub-surface and reduce
drilling risk in the defined areas. Some of the proposed areas are very
challenging to explore due to the presence of basalt from lava flows that
created the DeccanTraps. We believe our EM technology can play an important
role in the improvement of sub-basalt imaging in these areas," says Stig Eide
Sivertsen, CEO of EMGS.
In conjunction with oil companies in India, EMGS has identified 8 potential
survey areas to evaluate different geologic scenarios within the permit area.
The survey locations has been carefully chosen based on reviews of well and
seismic data that the Company has had access to, as well as evaluations of
feasibility and sensitivity for MMT and CSEM.

Contact

Svein Knudsen, EMGS chief financial officer, +47 911 41 149

Charlotte Knudsen, EMGS head of investor relations, +47 9756 1959
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, visitwww.emgs.com

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

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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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