EMGS Confirms Spirit Energy Survey Deal

Electromagnetic Geoservices (EMGS) has entered into a final contract with Spirit Energy Norway, on behalf of the PL1031 license group, for a multi-client survey in the Norwegian Barents Sea.

The contract follows from the multi-client letter of intent with an approximate value of USD 2.5 million, signed on March 23, 2019, the company informed.

Following an extension of the scope of work, the final contract value is approximately USD 3.4 million.

The vessel Atlantic Guardian has started mobilization for the survey.

It is expected that acquisition will start early April and be completed within the second quarter of 2019.

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