Wednesday 2 May 2018

Electromagnetic Geoservices ASA has entered into multi-client prefunding and various service agreements. The agreements represent combined revenues to the Company of approximately USD 2.2 million.

The prefunding revenue is related to 3D CSEM multi-client data surveys in the North Sea using the DeepBlue source. The surveys are expected to be executed in Q2 and / or Q3 2018.