EMGS Contract Award Extends BOA Galatea’s Backlog in Asia

Business & Finance

Electromagnetic Geoservices ASA (EMGS) has recently been awarded a contract worth USD 4 million to perform several 3D EM surveys in Asia.

Data acquisition will start in early January from the vessel BOA Galatea (photo), following completion of a work programme for Woodside in Australia. The contract is expected to be completed within 30 days.

About EMGS

EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The company’s services enable integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency, and reduces risks and the finding costs per barrel.

EMGS has conducted more than 500 surveys to improve drilling success rates across the world’s mature and frontier offshore basins. The company operates on a worldwide basis with main offices in Trondheim and Stavanger, Norway; Houston, USA; and Kuala Lumpur, Malaysia.

Source: Emgs, December 6, 2010;