EMGS signs contract extension with Petrobras
(Thomson Reuters ONE) -
Reference is made to the stock exchange notice dated 13 November 2012 regarding
completion of a one-year contract in Brazil and commencement of a new 3D EM data
acquisition project in Brazil.
EMGS has signed a contract extension worth approximately USD 12 million with
Petrobras. As previously announced, data acquisition is on-going with estimated
completion in early January 2013.
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#1662989]
Unternehmensinformation / Kurzprofil:
Datum: 06.12.2012 - 08:06 Uhr
Sprache: Deutsch
News-ID 210225
Anzahl Zeichen: 2341
contact information:
Town:
Trondheim
Kategorie:
Business News
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"EMGS signs contract extension with Petrobras"
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