EMGS to perform multi-client surveys offshore Indonesia
Friday, November 17 2017 - 01:06 AM WIB
By Romel S. Gurky
Electromagnetic Geoservices ASA (EMGS) said it has received Letters of Intent for two contracts under which EMGS will perform prefunded multi-client acquisitions offshore Indonesia.
EMGS said in a statement on Thursday the two contracts represent a combined minimum gross contract value of US$2.8 million.
Subject to inter alia final and binding contracts for the work, EMGS said it expects to start the surveys in December 2017.
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons.
Editing by Reiner Simanjuntak