Merger between Exploration Resources ASA (NO) and Multiwave Geophysical Company ASA (NO) — EV of combined entity NOK 2.3 billion

Carnegie acted as adviser to Exploration Resources in the merger with Multiwave Geophysical Company. The combined company will be a Bergen based leading provider of marine seismic services to the global oil and gas industry, with focus on towed seismic, multiclient seismic services, and 4C/4D/seabed logging operations.October, 2005.