EMGS Confirms PTTEP Deal
- Business & Finance
Norway based provider of marine controlled-source electromagnetic (CSEM) data, Electromagnetic Geoservices ASA (EMGS) has has confirmed a contract award worth $7.0 million with PTTEP International.
This announcement follows the stock exchange notice of the letter of intent for 3D EM data acquisition in Thailand and Myanmar, on October 31, 2014.
“This is the first time we operate for this customer and also the first time we operate in Thailand and we are of course pleased to demonstrate the value of our EM technology to this company,” said Giles Denby, President Eastern Hemisphere of EMGS, after receiving the LOI.
The survey will be done using the vessel BOA Thalassa and is expected to start directly after the completion of an ongoing survey in Malaysia.
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.
Subsea World News Staff