An important aspect in safety–critical domains is Situational Awareness (SA) where operators consolidate data into an understanding of the situation that needs to be updated dynamically as the situation changes over time. Among existing measures of SA, only physiological measures can assess the cognitive processes associated with SA in real-time. Some studies showed promise in detecting cognitive states associated with SA in complex tasks using brain signals (e.g. electroencephalogram/EEG). In this paper, an analytical methodology is proposed to identify EEG signatures associated with SA on various regions of the brain. A new data set from 32 participants completing the SA test in the PEBL is collected using a 32-channel dry-EEG headset. The proposed method is tested on the new data set and a correlation is identified between the frequency bands of β (12-30Hz) and γ (30-45Hz) and SA. Also, activation of neurons in the left and right hemisphere of the parietal and temporal lobe is observed. These regions are responsible for the visuo-spatial ability and memory and reasoning tasks. Among the presented results, the highest achieved accuracy on test data is 67%.