EMGS - New contract in the Barents Sea
Electromagnetic Geoservices ASA has received a signed contract from a repeat customer worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the Barents Sea.
The survey is done in June, using its vessel BOA Thalassa.
The Oslo-listed contractor intends to use its vessel BOA Thalassa to carry out the work to acquire 3D electromagnetic data for an undisclosed repeat client that will kick off this month.
It is the latest in a raft of geophysical survey contracts in the frontier play ahead of the country’s planned 23rd licensing round in which prospective acreage in the newly opened south-east Barents, in an area formerly disputed with Russia, is set to be offered.