EMGS Bags North Sea Contract from Tullow Oil

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.

“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,” says Roar Bekker, CEO of EMGS.

The survey is expected to commence in August, using the vessel BOA Thalassa.

BOA Thalassa is a purpose-built 3D EM vessel with the capacity to carry 200 receivers. It is equipped with parallel source systems, including winches, cranes and hydraulic feeds.

Press Release, June 26, 2014