EMGS Vessel Utilization Slips

Norwegian geophysical services company, EMGS, has recorded lower vessel utilization in the third quarter of 2016, compared to the corresponding period in 2015.

The utilization dropped from 63% in the Q3 2015 to 52% in Q3 2016.

In the Q3 2016, EMGS’ vessels were allocated 31% to multi-client projects and 21% to a funded research and development projects. No vessel capacity was spent on contract work.

In the comparable quarter of 2015, the vessels were allocated 16% to contract work and 48% to multi-client projects.

The Atlantic Guardian mobilized for the joint industry project (JIP) on June 27, and completed the Fjord test of the JIP equipment on July 09.

Following the Fjord test, EMGS performed funded test surveys for the JIP partners till the month end.

The Atlantic Guardian acquired multi-client data in the Hammerfest Basin from August 02 to August 18, and the vessel started a multi-client project in the Barents Sea on September 17, which will be completed early October.

As reported earlier, the vessel BOA Thalassa has been laid up at a reduced rate since May 01, 2016.

Share this article

Follow Subsea World News


<< Nov 2018 >>
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

Deepwater Operations Advisory Board

This event allows for the free and open exchange of ideas, as proceedings will not…

read more >


The ADIPEC conferences and technical sessions are the place to sharpen your knowledge and share best practice with your industry peers…

read more >

OSEA2018 International Conference

The OSEA International Conference is regarded as one of the preferred knowledge exchange platforms in the region and with over 18,000…

read more >

10th Asia Pacific Congress on Oil and Gas

Oil and Gas 2018 provides a platform for researcher scholars, scientists and academic people to share and globalize their…

read more >