EMGS - Contract awarded in Brazil

Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 1.5
million for a research project in Brazil. The project will use 3D EM data to map
shallow gas hydrates in the Pelotas Basin.

The project is a collaboration between the Pontifical Catholic University
(PUCRS) of Rio Grande do Sul and Petrobras' Research and Development Center
called CENPES.

The vessel EM Leader has commenced the survey.

Contacts

Roar Bekker, EMGS chief executive officer, +47 911 41 149

Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59

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, visit www.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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