EMGS extends Atlantic Guardian charter
Electromagnetic Geoservices ASA (EMGS) has extended the current charter for the vessel Atlantic Guardian for a firm six months, with two additional three-month options and a flexible start-up date, Reuters reports.
The Atlantic Guardian has completed the basalt mapping project in the Norwegian Sea and is currently transiting to dry dock in Bergen for class renewal and general maintenance work at the vessel owner's cost. From around 20 December 2012, the vessel will be available for operations at short notice and at no cost for EMGS during the standby period.
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 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.
EMGS has conducted more than 650 surveys to improve drilling success rates across the world's mature and frontier offshore basins. The company operates on a worldwide basis with main offices in Trondheim, Stavanger and Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
