EMGS awarded USD 8.5 million contract offshore Mozambique
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) has today been awarded a contract worth
USD 8.5 million by a repeat customer to acquire 3D EM data offshore Mozambique.
The vessel BOA Galatea will be mobilized in early February, following completion
of her current work in New Zealand. The Mozambique survey will continue into the
early part of the second quarter.
Roar Bekker, EMGS chief executive officer, commented: "This customer regularly
uses 3D EM data to help de-risk hydrocarbon prospects and influence those all-
important drilling decisions. The fact that the company keeps coming back is, I
believe, a compelling demonstration of the value that we add to customers'
operations."
Update on Red Sea tender process
In August 2010, one of the world's largest national oil companies invited EMGS
to submit a tender for a project in the Red Sea. This tender process is ongoing
and EMGS has been informed that it has now reached its final stages.
Contacts
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
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 500 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 Stavanger, Norway; Houston,
USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
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other applicable laws; and
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originality of the information contained therein.
Source: EMGS via Thomson Reuters ONE
[HUG#1482885]
Unternehmensinformation / Kurzprofil:
Datum: 27.01.2011 - 10:50 Uhr
Sprache: Deutsch
News-ID 50786
Anzahl Zeichen: 2874
contact information:
Town:
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Kategorie:
Business News
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