EMGS awarded marine EM contract by new customer EnQuest in UK

EMGS awarded marine EM contract by new customer EnQuest in UK

ID: 23407

(Thomson Reuters ONE) -


Electromagnetic Geoservices ASA (EMGS) has been awarded a USD1 million contract
to provide marine EM services for independent oil and gas company EnQuest. This
is the first time EMGS has worked with EnQuest, which focuses on production and
development on the UK Continental Shelf.

Roar Bekker, EMGS chief executive officer, commented, "We are pleased that
EnQuest has provided us with this exciting opportunity which will help to
strengthen our UK Continental Shelf experience."



Contact

Roar Bekker, EMGS chief executive officer, +47 22 01 14 00

Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00



About EMGS

EMGS uses its proprietary electromagnetic (EM) technology to support oil and gas
companies in their search for offshore hydrocarbons. The company is the EM
market leader, and provides Clearplay, the world's first fully integrated EM
system.

Three service offerings - Clearplay Find, Test and Evaluate - have been designed
to assist operators in the exploration and production phase. Clearplay supports
each stage in the workflow, from survey design and data acquisition to
processing and interpretation. The 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 operates the world's first purpose-built 3D EM vessel fleet, and has
conducted more than 450 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 and Stavanger, Norway; Houston, USA; and
Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.






This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1429318]








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Source: EMGS via Thomson Reuters ONE


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Bereitgestellt von Benutzer: hugin
Datum: 02.07.2010 - 15:18 Uhr
Sprache: Deutsch
News-ID 23407
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