EMGS awarded 3D EM survey in Papua New Guinea
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth in
excess of USD 4 million by a new customer to acquire and process 3D
electromagnetic (EM) data offshore Papua New Guinea. Data acquisition will be
performed by the vessel EM Leader in the second quarter of 2012.
"We are excited by the interest we see from new and existing customers in the
Asia Pacific region. The strong pipeline of contract opportunities for the
second half of 2012 and 2013, along with the flexibility we have in the time
charter agreement for the EM Leader, puts us in a good position to develop the
Asia Pacific market profitably," said Roar Bekker, EMGS chief executive officer.
Contacts
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
Chris Guldberg, EMGS Head of PR/IR, +47 73 56 88 10
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 600 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, Stavanger 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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EMGS via Thomson Reuters ONE
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Datum: 02.05.2012 - 02:30 Uhr
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