EMGS wins 3D EM contract in Asia
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) has signed a contract worth approximately
USD 7 million with a major international oil company to provide 3D EM
acquisition and processing services in the Asia Pacific region. Data acquisition
will be performed from the vessel EM Leader and is expected to commence in early
September.
Roar Bekker, EMGS chief executive officer, commented: "This is a significant
contract win for us as it is our first major project for this customer, which is
one of the world's leading integrated energy companies. We look forward to
developing this customer relationship and delivering high-quality 3D EM data
that will help de-risk hydrocarbon prospects in an exciting area."
Contact
Roar Bekker, EMGS chief executive officer, +47 73 56 88 10
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
[HUG#1631312]
Unternehmensinformation / Kurzprofil:
Datum: 02.08.2012 - 08:40 Uhr
Sprache: Deutsch
News-ID 171052
Anzahl Zeichen: 2601
contact information:
Town:
Trondheim
Kategorie:
Business News
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"EMGS wins 3D EM contract in Asia"
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