Acquisition of MTEM Limited (UK) by Petroleum Geo-Services ASA (NO) — USD 275 million

Carnegie acted as adviser to MTEM Limited in the acquisition by Petroleum Geo-Services ASA. MTEM® – an abbreviation for Multi-Transient Electro-Magnetic – has developed a unique, breakthrough, cable-based electromagnetic technology with demonstrated, strong results in commercial operations. The company is the only player to offer a complete electromagnetic acquisition and processing technique both offshore and onshore, including in Transition Zone environments. June, 2007.