EMGS Updates on Atlantic Guardian and BOA Thalassa

EMGS published an update for the vessels Atlantic Guardian and BOA Thalassa.

The vessel Atlantic Guardian, which has been working on a multi-client campaign in the Barents Sea since mid-April is mobilising to the Gulf of Mexico.

The vessel will join the BOA Galatea under the current contract for PEMEX. Atlantic Guardian will commence operations in Mexico mid-November and is expected to work on this campaign well into the first quarter of 2014.

The vessel BOA Thalassa completed a USD 50 million contract for Brunei Shell Petroleum mid-October. The vessel then had its announced scheduled yard stay in Singapore for about two weeks and started mobilising towards Malaysia on 2 November. The vessel is about to start operating on the Letter of Intent announced on 24 September. The survey is expected to take about one month.

After completion of this survey and possible additional commitments in Malaysia, the vessel will transfer to another part of the Asia-Pacific region to perform a new survey. EMGS has received an additional Letter of Intent to award a contract of one month minimum 3D EM data acquisition in the region. No more than 10 days of transfer and mobilisation should be expected.

The new fleet allocation adds important operational and financial visibility for EMGS over the next winter months.

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Press Release, November 11, 2013