EMGS - Update for the vessel Atlantic Guardian and BOA Thalassa
(Thomson Reuters ONE) -
Atlantic Guardian
The vessel Atlantic Guardian, which has been working on a multi-client campaign
in the Barents Sea since mid-April is mobilising to the Gulf of Mexico.
The vessel will join the BOA Galatea under the current contract for PEMEX.
Atlantic Guardian will commence operations in Mexico mid-November and is
expected to work on this campaign well into the first quarter of 2014.
BOA Thalassa
The vessel BOA Thalassa completed a USD 50 million contract for Brunei Shell
Petroleum mid-October. The vessel then had its announced scheduled yard stay in
Singapore for about two weeks and started mobilising towards Malaysia on 2
November. The vessel is about to start operating on the Letter of Intent
announced on 24 September. The survey is expected to take about one month.
After completion of this survey and possible additional commitments in Malaysia,
the vessel will transfer to another part of the Asia-Pacific region to perform a
new survey. EMGS has received an additional Letter of Intent to award a contract
of one month minimum 3D EM data acquisition in the region. No more than 10 days
of transfer and mobilisation should be expected.
The new fleet allocation adds important operational and financial visibility for
EMGS over the next winter months.
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#1742118]
Unternehmensinformation / Kurzprofil:
Datum: 11.11.2013 - 11:54 Uhr
Sprache: Deutsch
News-ID 314959
Anzahl Zeichen: 3166
contact information:
Town:
Trondheim
Kategorie:
Business News
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