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Update on Survey in South-East Asia

Source: www.gulfoilandgas.com 3/11/2019, Location: Europe

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (EMGS) on 20 February 2019, wherein the Company announced that it had received a letter of award from an undisclosed customer for a proprietary data acquisition survey in south-east Asia.

The Company has now received a purchase order from the customer for the survey. The total value of the purchase order is approximately USD 24 million.

Based on the purchase order and the letter of award, the Company has initiated mobilisation of the BOA Thalassa for the survey.

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