EMGS Nets LoI for Two Shoots Offshore Indonesia

Electromagnetic Geoservices ASA (EMGS) has received letters of intent for two prefunded multi-client acquisitions offshore Indonesia.

The two contracts represent a combined minimum gross contract value of USD 2.8 million.

Subject to inter alia final and binding contracts for the work, EMGS expects to start the surveys in December 2017.

The company did not disclose the name of the client, nor the vessels that will be used for the work.

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