StormGeo Announces OceanWatch and SpillWatch - Modular Solution Provides Currents Forecast with Oil Spill Response

BERGEN, NORWAY and HOUSTON, OTC # 5427, May 4, 2015 – StormGeo, a global provider of weather forecasting services and decision support services and products to support weather sensitive operations, today announced OceanWatch and SpillWatch. The new services enable oil and gas companies and renewable energy companies to make informed assessments of operational and environmental risks during drilling and to understand how ocean conditions affect their enterprises.

OceanWatch is a modular system that monitors ocean currents and the subsea environment to provide continuous, real-time, site specific monitoring and forecasting with 24/7 expert assistance and emergency support. The highly flexible solution can be tailored to fit actual client requirements for both short and long-term operations. OceanWatch is an integrated, turnkey solution that can be installed and applied to any offshore structure and location in the world.

The SpillWatch module uses state-of-the-art models, simulation tools and sensors to track and predict the trajectory and fate of accidental oil spills. Providing quick data response, a 3D oil spill model integrates an accurate representation of oil chemistry and physics with high-quality ocean and atmospheric data for any region.

Kent Zehetner, CEO of StormGeo explains, “The OceanWatch service fits well with StormGeo’s goal to provide our customers with ‘one address’ for access to the best available information on the physical environment during both planning and operations.” Zehetner continues, “As the oil and gas business is moving into more environmentally sensitive areas, the need for better understanding and control within the physical environment, including currents, is increasing, and StormGeo will continue to develop innovative and user-friendly solutions to help our customers make knowledge-based decisions.”

StormGeo will be demonstrating OceanWatch and SpillWatch at the Offshore Technology Conference in Houston this week at booth #5427.

For more information about OceanWatch and SpillWatch, or to view the OceanWatch video, visit http://www.stormgeo.com/offshore/oceanwatch.

About StormGeo

StormGeo provides decision support for weather sensitive operations with services in Offshore Oil & Gas, Onshore Business Continuity, Renewable Energy, Media, Aviation and Shipping. The company helps its clients to safeguard people, assets and profits with products and services created by a team of meteorology, oceanography, and computer science experts. StormGeo is headquartered in Bergen, Norway and operates out of 25 offices in 15 countries with teams of meteorology experts’ available 24/7/365. StormGeo is an ISO 9001:2008 certified company. Its majority shareholder is EQT followed by DNV GL. More information is available at www.stormgeo.com.