EMGS: EMGS - Letter of Intent for the vessel BOA Thalassa in Malaysia

    EMGS: EMGS - Letter of Intent for the vessel BOA Thalassa in Malaysia

Electromagnetic Geoservices (EMGS) has received a Letter of Intent for
approximately one month of 3D EM acquisition in Malaysia.

The survey will be performed using the vessel BOA Thalassa, which is expected
to complete its current work programme in Brunei mid-October. The vessel will
thereafter have a 2 week yard stay for routine inspections, before starting
the survey in Malaysia in the beginning of November.

"This is a good continuation to the building of our backlog in this region for
Thalassa," says Roar Bekker, CEO of EMGS.

Contacts
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00

About EMGS
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 700 surveys to improve drilling success rates
across the world's mature and frontier offshore basins. The company operates
on worldwide basis with main offices in Trondheim 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
Reuters clients.

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
the
information contained therein.

Source: EMGS via Thomson Reuters ONE
HUG#1731006
 
Press spacebar to pause and continue. Press esc to stop.