EMGS extends charter agreement for Atlantic Guardian
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) has entered into an agreement with North
Sea Shipping to extend the charter hire period for the vessel Atlantic Guardian
from 1 September 2013 to 1 March 2014. Furthermore, EMGS has agreed to charter
the vessel for an additional period of at least two years, with three optional
one-year extensions.
Under the terms of the agreement, the vessel owner will conduct upgrades which
will provide significantly improved fuel efficiency and station-keeping
capabilities. It is expected that this work will be done during a five-week yard
stay in the first or second quarter of 2014. At the same time, modifications
will be made to the vessel to accommodate EMGS's next-generation equipment.
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 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#1703540]
Unternehmensinformation / Kurzprofil:
Datum: 22.05.2013 - 08:30 Uhr
Sprache: Deutsch
News-ID 262328
Anzahl Zeichen: 2690
contact information:
Town:
Trondheim
Kategorie:
Business News
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"EMGS extends charter agreement for Atlantic Guardian"
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