Completion of Mexico MC2D Survey Over Salinas Basin Deep-water Bid Round Blocks

OSLO, January 27, 2016 – MultiClient Geophysical ASA (MCG) is pleased to inform that we have successfully completed the acquisition of the part of the Maximus 2D Multi-Client survey covering blocks to be announced in the first deep-water bid round in the prospective Salinas Basin offshore Mexico. The survey, comprises some 19,000 km of high quality 2D seismic data and covers all 6 blocks to be included in the first deep-water license round in Mexico, in addition to all blocks included in the CNH 5 years plan for deep-water license rounds in the Salinas Basin. A complete processed dataset will be available in February 2016. The seismic vessel is currently acquiring regional lines for the Maximus survey outside the bid round blocks.

Tom Wolden, CEO comments: “We are very pleased to be able to make our new data available to the oil industry ahead of the first deep-water license round in the Salinas Basin offshore Mexico expected to be announced during the 3Q 2016. Our modern, high quality seismic 2D data covers all 6 bid round blocks in the Salinas Basin and ties 20 wells, providing companies the possibility to extrapolate important well information into the deep-water bid round blocks”.

For further information, please contact:

Tom Wolden, CEO

Email: tom.wolden@mcg.no

Tel: +47 90893006

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.