EMGS wins multi-client survey contract from Equinor for exploration work in North Sea
(WO) – Electromagnetic Geoservices ASA has received a Letter of Intent from Equinor for a fully prefunded multi-client survey in the North Sea.
The survey is expected to have a contract value of approximately $2 million.
The fully prefunded survey is expected to commence early March 2024.
EMGS 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.
