EMGS awarded 3D EM contract in Malaysia by Shell
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth
approximately USD 7 million by Shell to acquire 3D electromagnetic (EM) data
offshore Malaysia. The 3D EM survey will be performed from the vessel EM Leader
and will start upon completion of its current work program.
"This contract award confirms the increasing demand we are witnessing for our
services in Asia. We are confident that the survey will be the first of numerous
back-to-back projects in this region, providing substantially improved
utilization levels for the EM Leader in the quarters to come," says Roar Bekker,
CEO of EMGS.
Contact
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 / +47 92 81 07 07
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 650 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#1661457]
Unternehmensinformation / Kurzprofil:
Datum: 29.11.2012 - 13:49 Uhr
Sprache: Deutsch
News-ID 208159
Anzahl Zeichen: 2592
contact information:
Town:
Trondheim
Kategorie:
Business News
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"EMGS awarded 3D EM contract in Malaysia by Shell"
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