EMGS - West Africa 3D EM contract now signed
(Thomson Reuters ONE) -
The EMGS West Africa Letter of Intent which was referred to in the stock
exchange release of 13 September 2013 has resulted in a signed contract.
Electromagnetic Geoservices ASA (EMGS) has today exchanged a contract worth USD
8 million with Maersk Oil Angola. It is expected that the 3D electromagnetic
data acquisition will start for the client in October 2013, following the
completion of mobilisation of the vessel EM Leader.
"We are excited to be acquiring 3D EM data in the Lower Congo Basin and we look
forward to further developing our relationship with Maersk Oil and other leading
exploration and production companies in Sub Saharan Africa" said Roar Bekker,
CEO of EMGS.
Contacts
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59
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
the 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 on a worldwide basis with main offices in Trondheim and Oslo,
Norway; Houston, USA; and Kuala Lumpur, Malaysia.
For more information, visit www.emgs.com
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#1736618]
Unternehmensinformation / Kurzprofil:
Datum: 18.10.2013 - 10:33 Uhr
Sprache: Deutsch
News-ID 307055
Anzahl Zeichen: 2512
contact information:
Town:
Trondheim
Kategorie:
Business News
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"EMGS - West Africa 3D EM contract now signed"
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