Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth in excess of USD 4 million by a new customer to acquire and process 3D electromagnetic (EM) data offshore Papua New Guinea. Data acquisition will be performed by the vessel EM Leader in the second quarter of 2012.

"We are excited by the interest we see from new and existing customers in the Asia Pacific region. The strong pipeline of contract opportunities for the second half of 2012 and 2013, along with the flexibility we have in the time charter agreement for the EM Leader, puts us in a good position to develop the Asia Pacific market profitably," said Roar Bekker, EMGS chief executive officer.

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