EMGS (OSL:EMGS) Launches The World's First Purpose-built EM Survey Vessel

EMGS (OSL:EMGS) Electromagnetic Geoservices ASA (EMGS) announced today that it has launched the world's first purpose-built EM survey vessel in order to enhance hydrocarbon exploration across the world. The new vessel, the BOA Thalassa, was built by Bergen Group Fosen and is leased from the owner BOA Offshore on a long-term charter.

Terje Eidesmo, EMGS chief executive officer, commented, "This state-of-the-art vessel is a product of more than a decade of experience from more than 400 surveys and 120 vessel months across the world's mature and frontier offshore basins. The introduction of this high-capacity vessel is a milestone for EMGS and our customers, as it will lead the way in a new-generation technology - 3D EM surveying. "EMGS is experiencing increasing demand for 3D EM surveys, and this development coincides with the launch of this vessel and the recent introduction of our Clearplay services." EMGS's survey capacity is substantially increased by the vessel's ability to handle a record number of receivers. The BOA Thalassa carries 100 receivers and can double this figure. Surveying efficiency and flexibility is increased by the vessel's high speed, large fuel volume, extensive storage capacity, good fuel consumption and extended weather window. A fully integrated spare equipment set and a new advanced on-board processing system will enhance the quality and improve the delivery time for EM data. "Quality, health, safety and environment standards are fundamental to all that we do at EMGS, and have been an integral part of the vessel's design process. This will be a safe and pleasant workplace for our crew and client representatives," said Eidesmo. The vessel's features include sheltered deck and work spaces, a cinema, a helicopter deck, a hospital ward, conference facilities, a gym and modern workstations with broadband connection.

A photo of BOA Thalassa can be downloaded by clicking on one of the links below. Information about the vessel's name: Thalassa is one of the planet Neptune's moons. Neptune is named after the ocean god Neptune and all of its moons have names relating to the sea or water. Thalassa was the name of a sea goddess, and is also the Greek word for sea.

Contacts Svein Knudsen, EMGS chief financial officer +47 22 01 14 00 Chris Guldberg, EMGS PR manager +47 73 56 88 10

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 risk and finding costs per barrel. EMGS operates the world's largest EM survey vessel fleet and has conducted more than 400 surveys, improving 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.

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EMGS

http://www.emgs.no/

ISIN: NO0010358484

Stock Identifier: XOSL.EMGS