Electromagnetic Geoservices ASA's (EMGS) has received a Letter of Intent to award a contract for a minimum USD 8.3 million for 1,000 km sq of 3D EM data acquisition, data processing, imaging and integration for a client in North-West Africa.
"Based on growing demand from new and existing customers, we have decided to mobilize the vessel BOA Thalassa towards Africa and Norway" said Roar Bekker, CEO of EMGS.
Contacts
Roar Bekker, EMGS chief executive officer, +47 73 56 88 10
Charlotte Knudsen, head of investor relations, +47 9756 1959
About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The company's services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel.
EMGS operates on a worldwide basis with main offices in Trondheim and Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia.
For more information, visit www.emgs.com