Electromagnetic Geoservices ASA (EMGS) has received a Letter of Intent from a new customer in Norway for 3D EM data acquisition in the Barents Sea.
The contract is worth a minimum of USD 2.3 million.
The survey is expected to commence in May, using the vessel BOA Thalassa.
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.
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation.
The company’s services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel.
Press Release, May 08, 2014