2013-03-21 08:37:56 -

Electromagnetic Geoservices ASA (EMGS) and Spectrum ASA (Spectrum) have entered
into a cooperation agreement covering the Foz de Amazonas basin in Brazil.

Spectrum already has over 21,000 kilometres of multi-client 2D seismic data
coverage of this highly prospective area of the equatorial margin. EMGS has been
given access to this data for planning and improved imaging purposes and will
soon start the acquisition of 3D resistivity data in a regional, multi-client
program covering approximately 8000 km2 of the Foz de Amazonas basin. The
program, which has generated broad industry interest, covers offshore blocks
that have been included in the 11th licensing round.

"This is the first project of its kind and we are delighted to team up with
Spectrum in this exciting frontier basin," says David Hicks, president of EMGS's
multi-client   business unit. "The combined data offering will add insights to
reservoir location and size, and highlight new leads, thereby providing
customers with a competitive advantage in their licensing and exploration
strategies."

"Together, the two companies will provide the industry with a unique opportunity
to use high-quality 2D seismic and 3D resistivity data at an early stage in the
exploration cycle. We believe the two datasets form a powerful set of
exploration tools that can reduce risk and create new opportunities," said
Richie Miller, Spectrum's EVP multi-client North & South America.

Interest in the Brazilian equatorial margin is high following the Zaedyus
discovery north west of the border in French Guiana; Petrobras's Pecém discovery
in the Ceará basin south east of Foz de Amazonas; and analogous discoveries in
the West African equatorial margin.

EMGS's vessel BOA Galatea will shortly start 3D EM data acquisition close to the
border of French Guiana's territorial waters and work its way south east. Survey
completion is expected in August 2013. The deliverables include seismic-
constrained 3D EM inversion cubes, interpreted lead maps and probabilistic
resource estimates.

For further information or questions, please contact:

EMGS
David Hicks, President EMGS multi-client business unit
E-mail: dhicks@emgs.com
Tel: +1 281 920 5601
Cell: +1 281 702 3337

Chris Guldberg, Head of PR/IR
E-mail: cg@emgs.com
Tel: +47 73 56 88 10
Cell: +47 92 81 07 07

SPECTRUM
Richie Miller, EVP Multi-Client North & South America
E-mail: richie.miller@spectrumasa.com
Tel: +1 281 698 8850

Arne Helland, Executive Vice President Strategy and Business Development
E-mail: arne.helland@spectrumasa.com
Tel: +47 23 01 49 69
Cell: +47 91 88 78 29

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.

About Spectrum
Spectrum provides innovative multi-client seismic surveys and high-quality
seismic imaging services to the global oil and gas industry from offices in
Norway, the UK, the USA, Brazil, China, Egypt, Australia, Indonesia and
Singapore. Spectrum's multi-client strategy focuses on both the major,
established hydrocarbon-producing regions of the world and key frontier areas
identified by an experienced team of geoscientists. The Spectrum library of
multi-client data has projects from many of the foremost oil producing regions
of the world. These include new acquisition, reprocessing and interpretation
reports. www.spectrumasa.com

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



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Source: EMGS via Thomson Reuters ONE
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