EMGS awarded marine EM contract by new customer EnQuest in UK

Electromagnetic Geoservices ASA (EMGS) has been awarded a USD1 million contract to provide marine EM services for independent oil and gas company EnQuest. This is the first time EMGS has worked with EnQuest, which focuses on production and development on the UK Continental Shelf.

Roar Bekker, EMGS chief executive officer, commented, “We are pleased that EnQuest has provided us with this exciting opportunity which will help to strengthen our UK Continental Shelf experience.”

About EMGS

EMGS uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. The company is the EM market leader, and provides Clearplay, the world’s first fully integrated EM system.

Three service offerings - Clearplay Find, Test and Evaluate - have been designed to assist operators in the exploration and production phase. Clearplay supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The 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 operates the world’s first purpose-built 3D EM vessel fleet, and has conducted more than 450 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 and Stavanger, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)