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EMGS bags Malaysia 3D offshore shoot contract with unknown player

06th October 2014

Electromagnetic Geoservices ASA (EMGS) has received a letter of intent worth USD 6.8m from an unnamed international oil company for 3D EM data acquisition in Malaysia

EMGS bags Malaysia 3D offshore shoot contract with unknown player
The vessel is currently on its way to Asia and is expected to arrive in Singapore for inspection mid-October and thereafter commence the acquisition as soon as possible

"We are pleased to announce the first of several new projects in Asia," said Roar Bekker, CEO of EMGS.

“Due to increased demand for our EM services among new and existing customers we anticipate to keep one vessel operating in this region for most of or all of 2015.”

The survey will be done using the vessel BOA Thalassa. The vessel is currently on its way to Asia and is expected to arrive in Singapore for inspection mid-October and thereafter commence the acquisition as soon as possible.

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