EMGS : EMGS vessel schedule: Update on BOA Galatea
The BOA Galatea will today complete the multi-client program in the Ceara area
in northern Brazil. The vessel will immediately after a scheduled port call
mobilise for a multi-client program covering approximately 8000 km2 in the
highly prospective equatorial margin of Brazil. The program, which has
generated broad industry interest, covers blocks that have been included in
the 11th licensing round. Further details will be provided in a separate news
release within the next few days.
EMGS had earlier expected that the BOA Galatea would perform a one-month
survey in Brazil after the Ceara multi-client program. This contract
opportunity has now been replaced by the new multi-client program.
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
Chris Guldberg, EMGS Head of PR/IR, +47 73 56 88 10 / +47 92 81 07 07
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas companies in their search for offshore
hydrocarbons. EMGS supports each stage in the workflow, from survey design and
data acquisition to processing and interpretation. The company's services
enable integration of EM data with seismic and other geophysical and
geological information to give explorationists a clearer and more complete
understanding of the subsurface. This improves exploration efficiency, and
reduces risks and the finding costs per barrel.
EMGS has conducted more than 650 surveys to improve drilling success rates
across the world's mature and frontier offshore basins. The company operates
on a worldwide basis with main offices in Trondheim, Stavanger and Oslo,
Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com
for more information.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: EMGS via Thomson Reuters ONE
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