Second quarter results 2009
(Thomson Reuters ONE) - Highlights in the second quarter 2009:* Second quarter 2009 revenues at USD 30.8 million* EBITDA of USD 8.1 million for the quarter* Barents Sea multi-client campaign contribution of USD 15.0 million* Operating expenses reduced to USD 22.7 million* Strategic alliance with Fugro* Substantial contracts awarded by supermajorsSubsequent important events:* The second purpose-built 3D EM vessel launched* EMGS awarded 3D EM survey offshore GreenlandThe full second quarter report and presentation can be downloaded byclicking on the links below.ContactsRoar Bekker, EMGS chief executive officer, +47 73 56 88 10Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00About EMGSEMGS uses its proprietary electromagnetic (EM) technology to supportoil and gas companies in their search for offshore hydrocarbons. Thecompany is the EM market leader, and provides Clearplay, the world'sfirst fully integrated EM system.Three service offerings - Clearplay Find, Test and Evaluate - havebeen designed to assist operators in the exploration and productionphase. Clearplay supports each stage in the workflow, from surveydesign and data acquisition to processing and interpretation. Theservices enable integration of EM data with seismic and othergeophysical and geological information to give explorationists aclearer and more complete understanding of the subsurface. Thisimproves exploration efficiency, and reduces risks and the findingcosts per barrel.EMGS operates the world's largest EM survey vessel fleet and hasconducted more than 400 surveys to improve drilling success ratesacross the world's mature and frontier offshore basins. The companyoperates on a worldwide basis with main offices in Trondheim andStavanger, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Pleasevisit www.emgs.com for more information.http://hugin.info/137402/R/1334390/316727.pdfhttp://hugin.info/137402/R/1334390/316741.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.08.2009 - 08:01 Uhr
Sprache: Deutsch
News-ID 4667
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