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EMGS awarded seabed logging contract worth USD 13.9 million


Published Apr 17, 2007
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EMGS awarded seabed logging contract worth USD 13.9 million-Spotlight

EMGS has been awarded a contract by an independent oil company for a seabed logging ("SBL") project offshore India commencing in late May 2007. The firm scope of work is no less than USD 13.9 million; the actual contract value is dependent upon final decisions concerning acquisition geometry.

The program, which consists of a large scanning component, is expected to continue until October 2007. In addition, the contract provides the oil company with an option to extend the scope of work substantially.

The firm program includes a 1,400 km² scan, followed by 510 kilometres of traditional line acquisition.

Terje Eidesmo, CEO of emgs comments: `We are pleased to confirm that we get repeat business from a satisfied customer, and are pleased that we have succeeded in strengthening this business relationship further. We have strong reasons to believe that the contractual firm scope of work will lay the foundation for extension via the optional program.`




   

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