EMGS awarded major 3D EM contract
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has been
awarded a contract worth approximately USD 100 million by one of the world's
largest oil companies.
It is expected that 3D electromagnetic (EM) data acquisition will start in early
September 2013, following mobilisation of the vessel BOA Galatea in the second
half of August.
"We are delighted to have won this contract which provides us with a
substantially improved order book," said Roar Bekker, CEO of EMGS. "Today's
contract award, which is the third largest within marine EM, is an endorsement
of our operational and technological capabilities. More importantly, it confirms
the value of integrating 3D EM data in the exploration workflow. We look forward
to further developing our relationship with this repeat customer."
The customer has indicated that the contract will be formally finalised and
signed within approximately three weeks.
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 700 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#1712368]
Unternehmensinformation / Kurzprofil:
Datum: 27.06.2013 - 08:37 Uhr
Sprache: Deutsch
News-ID 273786
Anzahl Zeichen: 2934
contact information:
Town:
Trondheim
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 200 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"EMGS awarded major 3D EM contract"
steht unter der journalistisch-redaktionellen Verantwortung von
EMGS (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
