Electromagnetic Geoservices (EMGS) has entered into a firm contract with an oil company in Malaysia, confirming the provisional agreement announced oN 1 November 2016.
The contract extension is worth approximately US$8 million and relates to a 3D EM data acquisition offshore Sabah, East Malaysia. The vessel BOA Thalassa will perform the survey, which is estimated to take approximately two months with an expected completion date early January 2017.