EMGS - New Contract in the Norwegian Sea
Electromagnetic Geoservices ASA (EMGS) announced an agreement from Statoil Petroleum AS for the Norwegian Sea. EMGS has now received a new contract from another oil and gas company worth USD 1.0 million for acquisition of 3D EM data in the nearby area.
The Company will be using the vessel Atlantic Guardian. Acquisition is scheduled to be completed early in October, after which the vessel is scheduled to go directly into a 6 week yard stay.
EMGS considered the marine EM market leader has not divulged the name of the company.