EMGS Confirms South America Survey

Electromagnetic Geoservices (EMGS) has confirmed the contract award for a survey in South America.

Earlier this month the company started preparations for the potential data acquisition survey with an undisclosed customer.

The company has now received a letter of award for the contract, with a total value of up to approximately USD 8 million.

EMGS is now mobilizing the vessel Atlantic Guardian to South America.

Subject to amongst other things final contract award, EMGS expects that the survey will start in the fourth quarter of 2018.

The expected duration of the survey is between one and two months.

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