EMGS Inks $7M Deal Extension for 3D EM Data Acquisition Off East Malaysia

Norway's Electromagnetic Geoservices ASA (EMGS) reported Wednesday that the Company has signed a contract extension worth approximately $7 million with an oil company in Malaysia.

As announced Aug. 7, EMGS received a letter of award for a contract worth approximately $4.2 million for 3D electromagnetic (EM) data acquisition over the oil company's operated area in Malaysia. The acquisition was completed Oct. 9.

The vessel BOA Thalassa will commence the extension of the survey today, Oct. 21, and expected duration of the survey is approximately one and a half month. The survey is located off East Malaysia.


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Company: Electromagnetic Geoservices ASA (emgs) more info
 - EMGS Secures Contract Extension With Malaysian Oil Company (Nov 17)
 - EMGS Confirms Further Staff Cuts (Oct 17)
 - EMGS Confirms Staff Cuts (Apr 14)