Spectrum ASA : Spectrum ASA : Spectrum and EMGS join forces in Brazil's Foz do Amazonas basin SPU: (Oslo, 21.03.2013) Spectrum and EMGS have entered into a cooperation agreement in the Foz de Amazonas basin in Brazil. Spectrum already has over 21,000 kilometers of MC 2D seismic data coverage of this highly prospective area of the equatorial margin. EMGS has been given access to this data for planning and improved imaging purposes and will soon start the acquisition of MC 3D resistivity data in a regional, multi-client program covering approximately 8000 km^2 of the Foz de Amazonas basin. The program, which has generated broad industry interest, covers offshore blocks that have been included in the 11th licensing round. "This is the first project of its kind and we are delighted to team up with Spectrum in this exciting frontier basin," says David Hicks, president of EMGS's multi-client business unit. "The combined data offering will add insights to reservoir location and size, and highlight new leads, thereby providing customers with a competitive advantage in their licensing and exploration strategies." "Together, the two companies will provide the industry with a unique opportunity to use high-quality 2D seismic and 3D resistivity data at an early stage in the exploration cycle. We believe the two datasets form a powerful set of exploration tools that can reduce risk and create new opportunities," said Richie Miller, Spectrum's EVP Multi-Client North & South America. For further information or questions, please contact: SPECTRUM ASA Richie Miller, EVP Multi-Client North & South America Email: email@example.com Tel: +1 281 698 8850 Arne Helland, Executive Vice President Strategy and Business Development Email: firstname.lastname@example.org Tel: +47 23 01 49 69 Cell: +47 91 88 78 29 EMGS ASA David Hicks, President Multi-Client Business Unit E-mail: email@example.com Tel: +1 281 920 5601 Cell: +1281702 3337 Chris Guldberg, Head of PR/IR E-mail: firstname.lastname@example.org Tel: +47 73 56 88 10 Cell: +47 92 81 07 07 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Foz do Amazonas ------------------------------------------------------------------------------ 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#1686959
Spectrum ASA : Spectrum ASA : Spectrum and EMGS join forces in Brazil's Foz do Amazonas basin
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