EMGS Receives Two LOIs for Surveys in Asia

EMGS Receives Two LOIs for Surveys in Asia

Norway’s Electromagnetic Geoservices ASA (EMGS) has received two Letters of Intent for contracts totalling approximately 10 weeks of 3D EM data acquisition in Asia.

The surveys will be performed using the vessel EM Leader following completion of the previously announced contract for Shell in Malaysia.

“The backlog we have secured in Asia confirms the positive market developments in this region and we look forward to further developing our relationship with both new and existing clients,” said Roar Bekker, CEO of EMGS.

The company did not disclose the value of the potential firm contracts.

 

[mappress]
December 13, 2012