Spectrum ASA : Spectrum ASA : Spectrum and EMGS join forces in Brazil's Foz do Amazonas basin

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: richie.miller@spectrumasa.com
Tel: +1 281 698 8850
Arne Helland, Executive Vice President Strategy and Business Development
Email: arne.helland@spectrumasa.com
Tel: +47 23 01 49 69
Cell: +47 91 88 78 29
EMGS ASA
David Hicks, President Multi-Client Business Unit
E-mail: dhicks@emgs.com
Tel: +1 281 920 5601
Cell: +1281702 3337
Chris Guldberg, Head of PR/IR
E-mail: cg@emgs.com
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

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Source: Spectrum ASA via Thomson Reuters ONE
HUG#1686959
 
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