EMGS: Pre-funded multi-client survey in the Norwegian Barents Sea
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Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has entered into an agreement for a fully pre-funded multi-client 3D CSEM survey in the Norwegian Barents Sea.
The contract has a value of USD 1.25 million. The survey is expected to be executed in the second quarter of 2019.
The Company will mobilise the vessel Atlantic Guardian for the survey.
Hege Veiseth, CFO, +47 992 16 743
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 offices in Trondheim, Oslo, Houston, Mexico City, Rio de Janeiro and Kuala Lumpur.
For more information, visit www.emgs.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act