Spectrum has commenced the first phase of a new high-density regional Multi-Client 3D survey, over a 2019 prioritised area of the UK's Southern North Sea.

The survey, which is fully supported and funded by clients, is targeting an area of recently-increased industry focus. It aims to provide improved imaging of the under-explored Zechstein, Carboniferous and Devonian plays in the Southern North Sea.

Industry’s response to the OGA’s Maximising Economic Recovery (MER) initiative has supported Spectrum’s survey concept for the area and forms part of a ‘multi-year’ plan of data coverage of which the initial 1,400 sq.km has just commenced. Clients will receive processed data before the end of 2019 following their involvement throughout the testing and processing phase of the project.

For additional information about this press release, please contact:

Dean Zuzic; CFO
Email: dean.zuzic@spectrumgeo.com
Cell: +47 414 33560

Company summary

"Spectrum provides innovative Multi-Client seismic surveys and seismic imaging services to the global oil and gas industry from offices in Norway, the UK, USA, Brazil, Egypt, Australia, Indonesia and Singapore. Spectrum designs, acquires and processes seismic data to deliver high quality solutions through its dedicated and experienced workforce. Spectrum holds the world's largest library of Multi-Client 2D marine seismic data and a significant amount of 3D seismic. The company's strategy focuses on both the major, established hydrocarbon producing regions of the world as well as key frontier areas identified by our experienced team of geoscientists. The Spectrum library of Multi-Client data contains projects from many of the foremost oil producing regions of the world. These include new acquisition, reprocessing and interpretation reports". www.spectrumgeo.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act