Electromagnetic Geoservices ASA (EMGS) has 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 reached its final stages.