EMGS Secures Work Offshore Indonesia

Electromagnetic Geoservices (EMGS) has confirmed a contract award for a prefunded multi-client acquisition offshore Indonesia.

Following the announcement by EMGS in November of Letters of Intent for two contracts, the company has now informed that a final contract has been entered into under one of the Letters of Intent.

The contract has a minimum gross contract value of USD 1.8 million.

The survey will be executed using the vessel BOA Thalassa.

EMGS expects to start the surveys in December 2017, with completion in January 2018.

In addition, the company said that it is still working towards converting the second Letter of Intent into a final contract.

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