Shell awards EMGS contract offshore Philippines

Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth in excess of USD 2 million by the block SC60 joint venture, which is operated by Shell Philippines Exploration BV. The work will be performed shortly from the 3D EM vessel BOA Galatea. This vessel is now fully booked for the remainder of the fourth quarter 2010.

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 500 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)