Letter of Intent Results in Fully Prefunded Multi-client Survey in Norway

Source: www.gulfoilandgas.com 2/28/2024, Location: Europe

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 9 February 2024, wherein EMGS announced that the Company had received a Letter of Intent from Equinor for a fully prefunded multi-client survey in the North Sea.

The Company is pleased to announce that the survey has now been awarded, with a contract value of approximately USD 2.0 million.

The fully prefunded survey is expected to commence early March 2024.

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