EMGS announced that it has signed a contract extension worth approximately USD 39 million with PEMEX, one of the world’s largest national oil companies.
“This contract extension is an endorsement of our technology and the value that EM delivers in hydrocarbon exploration. PEMEX and EMGS have worked closely over the course of the last two years, and we look forward to further developing this relationship and supporting PEMEX in its efforts to improve Mexico’s reserves replacement ratio,” says Roar Bekker, EMGS chief executive officer .
The BOA Thalassa will continuously acquire 3D EM data in the Mexican sector of the Gulf of Mexico throughout the contract extension period.
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Source: EMGS, June 11, 2012