EMGS inks contract extension in Malaysia

  • Business & Finance

EMGS inks contract extension in MalaysiaElectromagnetic Geoservices ASA (EMGS) has signed a contract extension worth approximately $7 million with an oil company in Malaysia.

In August 2015, EMGS received a letter of award for a two-year contract worth approximately $4.2 million for 3D EM data acquisition over the oil company’s operated area in Malaysia.

According to EMGS, the acquisition was completed on October 9, 2015.

The vessel BOA Thalassa will start the extension of the survey today, October 21, and expected duration of the survey is approximately one and a half month.

The survey is located off East Malaysia.

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