Electromagnetic Geoservices ASA (EMGS) has confirmed that the previously announced letter of intent for 3D EM data acquisition in Thailand and Myanmar has now resulted in a contract award.
The company further said that the contract is signed with a first-time customer PTTEP International and that it is worth $7 million.
The survey will be done using the vessel BOA Thalassa and it is expected to start directly after the ongoing survey in Malaysia is completed.
BOA Thalassa is a purpose-built 3D EM vessel with the capacity to carry 200 receivers. It is equipped with parallel source systems, including winches, cranes and hydraulic feeds.