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

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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.

 

 

 

 

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