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First joint EMGS - Fugro multi-client project initiated


Published Jan 15, 2010
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EMGS - 3D EM vessel BOA Galatea

Electromagnetic Geoservices ASA (EMGS) has started a joint 3D EM Multi-Client Project in the Norwegian Sea. The project will be completed during first quarter 2010. Prefunding, and subsequent late sales received by end of first quarter, will be recognized in the quarter.

"We find the business prospects for this project attractive, especially towards the upcoming licensing round in Norway this year. In addition we are particularly pleased with the fact that the first of several joint projects under the EMGS - Fugro alliance now has been initiated" says Roar Bekker, EMGS Chief Executive Officer.

Tags: EMGS



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