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EMGS commences West of Shetland basalt mapping survey


October 1, 2012 - London

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has commenced a fully pre-funded multi-client survey in the West of Shetland area. The vessel Atlantic Guardian will acquire controlled-source electromagnetic (CSEM) and magnetotelluric (MT) data for a minimum of three weeks in an area where basalt layers make the interpretation of seismic data challenging.

"We are excited by the market potential we see in combining seismic and CSEM/MT data to improve subsurface imaging in areas of complex geology. The objective of this survey is to improve the understanding of the basalt thickness and distribution and, ultimately, help to assess the hydrocarbon prospectivity of sediments below the basalt layers," said Roar Bekker, CEO of EMGS.

About CSEM and MT
Whereas controlled-source electromagnetic (CSEM) surveying uses a high-power EM source to measure subsurface resistivity, magnetotelluric (MT) surveying uses natural signals generated from the interaction between the solar wind and the Earth's magnetic field. Both EM methods use the same receivers. The combination of CSEM, MT and seismic data is particularly useful in understanding the geology in complex salt and basalt areas.

Contact
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
Chris Guldberg, EMGS Head of PR/IR, +47 73 56 88 10 / +47 92 81 07 07

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 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 has conducted more than 650 surveys to improve drilling success rates across the world's mature and frontier offshore basins. The company operates on a worldwide basis with main offices in Trondheim, Stavanger and Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com 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 Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: EMGS via Thomson Reuters ONE

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