Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has entered into an agreement for a fully pre-funded multi-client 3D CSEM survey in the Norwegian Barents Sea.

The contract has a value of USD 1.25 million. The survey is expected to be executed in the second quarter of 2019.

The Company will mobilise the vessel Atlantic Guardian for the survey.

Hege Veiseth, CFO, +47 992 16 743