Electromagnetic Geoservices ASA (EMGS) has received a signed contract from Tullow Oil Norge AS worth USD 7.7 million for 3D EM data acquisition in the northern part of the North Sea, the Company said in a press release.
"We are delighted to work with Tullow again, and also, encouraged to see contract coverage in the Norwegian waters continue to develop favorably. Adding a multitude of contracts to our multi-client activities this year should result in the most active year in Norway to date," said Roar Bekker, CEO of EMGS.
The survey is expected to commence in August, using the vessel BOA Thalassa.
Trondheim, Norway based Electromagnetic Geoservices ASA (EMGS) was established in 2002 as geophysical services provider. EMGS also hold offices in Oslo, Norway together with Houston, US and Kuala Lumpur in Malaysia. The company uses proprietary marine electromagnetic technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS pioneered marine electromagnetic technology with the first successful application and commercialization of controlled source electro-magnetic surveying technology (CSEM).