EMGS confirms that it has today received a Letter of Award (LOA) for the contract extension in Asia which is worth approximately USD 15 million.
It is expected that the vessel BOA Thalassa will complete the contract extension in October 2013.
“This contract extension is an endorsement of our services and shallow water capabilities. Furthermore, it confirms the value that 3D EM delivers to regional exploration. This is a new application of EM which we believe has considerable market potential going forward,” said Roar Bekker, CEO of EMGS.
[mappress] June 21, 2013