2013-09-24 08:33:02 -
Electromagnetic Geoservices (EMGS) has received a Letter of Intent for
approximately one month of 3D EM acquisition in Malaysia.
The survey will be performed using the vessel BOA Thalassa, which is expected to
complete its current work programme in Brunei mid-October. The vessel will
thereafter have a 2 week yard stay for routine inspections, before starting the
survey in Malaysia in the beginning of November.
"This is a good continuation to the building of our backlog in this region for
Thalassa," says Roar Bekker, CEO of EMGS.
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas companies in their search
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
worldwide basis with main offices in Trondheim and Oslo, Norway; Houston, USA;
and Kuala Lumpur, Malaysia.
Please visit www.emgs.com for more information.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Source: EMGS via Thomson Reuters ONE