EMGS awarded campaign in Norway by Rocksource
(Thomson Reuters ONE) - Electromagnetic Geoservices ASA (EMGS) has today signed a contract worth inexcess of USD 7 million with Rocksource to provide data acquisition services fora number of areas on the Norwegian continental shelf, ahead of Norway's 21st andAPA 2010 exploration licensing rounds. It is expected that the revenues will berecognised in the first half of 2010.Roar Bekker, EMGS chief executive officer, commented: "We are delighted to yetagain be given the opportunity to provide services in support of Rocksource'sEM-based exploration and the company's position as a leader in the applicationof EM technology."The surveys will be performed using the purpose-built vessel BOA Thalassa andwill start immediately after completion of the ongoing joint Fugro - EMGSmulti-client project in the Norwegian Sea, which was announced in mid-January.ContactsRoar Bekker, EMGS chief executive officer, +47 73 56 88 10Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00About EMGSEMGS uses its proprietary electromagnetic (EM) technology to support oil and gascompanies in their search for offshore hydrocarbons. The company is the EMmarket leader, and provides Clearplay, the world's first fully integrated EMsystem.Three service offerings - Clearplay Find, Test and Evaluate - have been designedto assist operators in the exploration and production phase. Clearplay supportseach stage in the workflow, from survey design and data acquisition toprocessing and interpretation. The services enable integration of EM data withseismic and other geophysical and geological information to give explorationistsa clearer and more complete understanding of the subsurface. This improvesexploration efficiency, and reduces risks and the finding costs per barrel.EMGS operates the world's first purpose-built 3D EM vessel fleet and hasconducted more than 450 surveys to improve drilling success rates across theworld's mature and frontier offshore basins. The company operates on a worldwidebasis with main offices in Trondheim and Stavanger, Norway; Houston, USA; andKuala Lumpur, Malaysia. Please visit www.emgs.com
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Datum: 10.02.2010 - 17:03 Uhr
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