Another Contract for EMGS in Norwegian Sea

Electromagnetic Geoservices ASA (EMGS) has received a contract from an oil and gas company worth USD 1.0 million for acquisition of 3D EM data in the Norwegian Sea.

The Company will be using the vessel Atlantic Guardian.

Acquisition is scheduled to be completed early in October, after which the vessel is scheduled to go directly into a 6 week yard stay.

Recently EMGS secured an agreement from Statoil Petroleum AS in the nearby area.

Press Release, September 19, 2014