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Spectrum ASA : Spectrum's data coverage and availability related to Brazil's Round 11

 Spectrum ASA : Spectrum's data coverage and availability related to Brazil's
                                   Round 11



Following the signing and approval of Round 11 by Brazil's President Dilma
Rousseff on January 10^th, Spectrum hereby clarifies its multi-client date
coverage along the Equatorial Margin of Brazil.

Spectrum has recently acquired 38,588 of new long offset 2D seismic data
covering the Foz do Amazonas, Barreirinhas, Ceará and Potiguar Basins. In
addition, a reprocessing effort is underway on a data set tying the Foz do
Amazonas, Pará-Maranhão and Barreirinhas Basins. Spectrum's data is located in
all offshore basins that will be included in Round 11 and covers most of the
Sector Block Areas that have been released by the ANP as basis for the final
block selection. Final PSTM, PSDM and other ancillary products are available
or will be available from Spectrum for Round 11.

Surveys

Foz do Amazonas Ph1and Ph2  21,369 kms

Northern Margins Barreirinhas  6,614 kms

Northern Margins Ceará and tielines 6,466 kms

Potiguar  
4,139 kms

Total new Acquisition 38,588 kms

Foz do Amazonas - Pará-Maranhão repro  9,663 kms

Total new Re-processing 9,663 kms

Total data available for Round 11 48,251 kms

Spectrum awaits the upcoming release of the official blocks by ANP that will
be on offer for Round 11, and at that time will release a detailed map of
Spectrum's coverage over these blocks.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Brazil Round 11

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Spectrum ASA via Thomson Reuters ONE
HUG#1670100
 
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