MCG update on Mexico Multi-Client 2D seismic survey

17 / 8 / 2015

OSLO, August 13, 2015 – MultiClient Geophysical ASA (MCG) commenced operations on the 31,600 km Maximus 2D Multi-Client survey in Mexico on the 25th July 2015. More than 2,000 km have been acquired and processing of first data has started with DownUnder GeoSolution (DUG) in Houston. Fast-track products will soon be available from the survey and final products will be processed in both time and depth. The survey is supported by the oil industry.

MCG is pleased to inform that Geoex will finance part of the project in offshore Mexico. Tom Wolden, CEO comments: "Geoex is a geophysical and geological service company with focus on Multi-Client projects. MCG will operate, manage the project and wholly commercialize the data, in accordance with the CNH rules and regulations, while Geoex will add value to the project through their experienced professional team in addition to opening up other investment possibilities for both parties in Mexico”.

Contact us for further information.

About MCG:

MCG is an international marine seismic data provider, specializing in multi-client seismic surveys offered to oil & gas companies worldwide. We focus on core activities in the seismic value chain, which include the identification of prospective oil and gas exploration areas for new surveys, project design, marketing and sale of seismic data. MCG has a dedicated and experienced workforce located in Norway, USA and Singapore. The MCG data library of Multi-Client data contains projects from Norway, Mexico, Indonesia, Australia, Barbados, Alaska and US East coast.

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