Electromagnetic Geoservices ASA (EMGS) has received an agreement worth USD 4.3 million for multi-client data offshore the Faroe Island. The agreement includes both late sales of the existing multi-client dataset acquired by EMGS in 2012 (the Brugdan-Rosebank Line) and pre-funding of an extension of the existing dataset.
The new data is expected to be acquired in September by BOA Thalassa, following completion of the announced contract for Tullow Oil in the North Sea. The acquisition is expected to have duration of approximately 10 days.
Contacts
Roar Bekker, EMGS chief executive officer, +47 911 41 149
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