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EMGS receives letter of intent worth USD 6.8 million


Published Oct 7, 2014
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BOA Thalassa

Electromagnetic Geoservices ASA (EMGS) has received a letter of intent worth USD 6.8 million from an International Oil Company for 3D EM data acquisition in Malaysia.

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

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.

Tags: Electromagnetic Geoservices ASA (EMGS)



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