EMGS confirms multi-client contract award offshore Indonesia

Norwegian geophysical services company Electromagnetic Geoservices (EMGS) has received a contract for a prefunded multi-client acquisition offshore Indonesia.

To remind, EMGS received letters of intent for two contracts for prefunded multi-client acquisitions offshore Indonesia in mid-November. The LOIs represented a combined minimum gross contract value of $2.8 million.

EMGS said on Tuesday that it has now entered into a final contract under one of the letters of intent. The contract has a minimum gross contract value of $1.8 million.

The company added that the survey would be executed using the vessel BOA Thalassa. EMGS expects to start the surveys in December 2017, with completion in January 2018.

When it comes to the second letter of intent, EMGS said it was still working towards converting it into a final contract.

Offshore Energy Today Staff

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