Electromagnetic Geoservices ASA ("EMGS" or the "Company") has entered into an
agreement for a fully pre-funded multi-client 3D CSEM survey in the Norwegian
Barents Sea.
The contract has a value of USD 1.25 million. The survey is expected to be
executed in the second quarter of 2019.
The Company will mobilise the vessel Atlantic Guardian for the survey.
Contact
Hege Veiseth, CFO, +47 992 16 743
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
the 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 operates on a worldwide basis with offices in Trondheim, Oslo, Houston,
Mexico City, Rio de Janeiro and Kuala Lumpur.
For more information, visit www.emgs.com (http://www.emgs.com/)
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act