Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has
received industry funding for a joint project to accelerate the use of 3D EM
data in exploration and production. The EDDA project involves acquiring
state-of-the-art 3D EM data over known fields on the Norwegian Continental
Shelf.

Data acquisition over the Linerle and Valkyrie fields has already started using
EMGS''s mobile acquisition set deployed on the vessel Siem Mollie. The vessel
will subsequently acquire data over the Snøhvit field, and it is expected that
this survey will be completed by the end of September.

Roar Bekker, EMGS chief executive officer, commented:

"EMGS has, over the last three years, developed new-generation 3D EM technology.
This has triggered customer demand for high-quality, open 3D EM datasets that
can be used to calibrate and integrate other geophysical data from
well-documented fields.

"Data from this campaign will enable participating customers to develop the use
of 3D EM data in various scenarios, from early exploration to improved oil
recovery. It is, therefore, an important step in enhancing commercial adoption
of our 3D EM technology. We are delighted that this project has generated
considerable industry interest."

Contact
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00

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 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)


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