As announced on 4 June 2015, Electromagnetic Geoservices ASA (EMGS) will return for 3D EM acquisition for PEMEX in Mexico.
The vessel BOA Galatea is currently transiting to production site and is expected to re-start the work for PEMEX in the beginning of next week. The duration of the survey is expected to be approximately one month.
Also, as announced in July 2015, EMGS has received permits from Mexico's Comisión Nacional de Hidrocarburos (CNH) authorizing the acquisition of up to approximately 88,000 square km 3D EM multi-client data in the Salina de Itsmo Basin. EMGS will prioritise to acquire EM data for the future bid rounds in Mexico and is currently actively seeking funding of its projects.
Contacts
Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59
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