Electromagnetic Geoservices (EMGS) has received a Letter of Intent to award a contract for a minimum USD 8 million for 3D EM data acquisition in West Africa.
It is expected that the 3D EM survey program will be performed using the vessel EM Leader. The vessel is already mobilizing to the region.
"Based on demand from both new and existing customers, we expect to deploy the EM Leader in the region for a longer period," says Roar Bekker, CEO of EMGS.
Contacts
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
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 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 has conducted more than 700 surveys to improve drilling success rates across the world's mature and frontier offshore basins. The company operates on a worldwide basis with main offices in Trondheim and Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.