Electromagnetic Geoservices ASA (EMGS) has received a supplement agreement from Statoil Petroleum AS worth approximately USD 1.0 million.
The agreement is for the multi-client 3D EM data acquisition in the Norwegian Sea.
The Company expects to begin the survey soon, after completing the survey for Statoil announced on 2 June 2014 in the same area, using the vessel Atlantic Guardian.
EMG uses its proprietary electromagnetic technology (EM) to support oil and gas companies in their search for offshore hydrocarbons.,
Related:
EMGS to Use ‘Atlantic Guardian’ for Norwegian Sea 3D EM Survey
Press Release, September 04, 2014