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EMGS signs extension of contract for oil company in Malaysia

Electromagnetic Geoservices ASA (EMGS) has signed a contract extension worth approximately USD 7 million with an oil company in Malaysia.

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EMGS - BOA Thalassa-2

Electromagnetic Geoservices ASA (EMGS) has signed a contract extension worth approximately USD 7 million with an oil company in Malaysia.

As announced on 7 August 2015, EMGS received a letter of award for a contract worth approximately USD 4.2 million for 3D EM data acquisition over the oil company's operated area in Malaysia. The acquisition was completed on 9 October 2015.

The vessel BOA Thalassa will commence the extension of the survey today, 21 October, and expected duration of the survey is approximately one and a half month. The survey is located off East Malaysia.

Tags: Electromagnetic Geoservices ASA (EMGS)