EMGS to mobilise the EM Leader in Asia
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) announces its decision to mobilise the
vessel EM Leader in response to increased market demand in Asia.
EMGS has received a Letter of Intent from a major international oil company for
a six-week 3D EM data acquisition project offshore Brunei. Surveying is expected
to start in early February, following modifications of the EM Leader to
accommodate EMGS's equipment and technology.
"The mobilisation of EM Leader is a confirmation of the promising contract
opportunities we are currently pursuing in Asia and is in line with our ambition
to maintain flexible capacity in our service offering," says Roar Bekker, EMGS
chief executive officer.
Further details on additional projects to be undertaken during this campaign
will be announced separately.
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 600 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 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#1572343]
Unternehmensinformation / Kurzprofil:
Datum: 19.12.2011 - 12:52 Uhr
Sprache: Deutsch
News-ID 98319
Anzahl Zeichen: 2726
contact information:
Town:
Trondheim
Kategorie:
Business News
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"EMGS to mobilise the EM Leader in Asia"
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