Norway’s Electromagnetic Geoservices (EMGS) has received a letter of intent for a fully pre-funded multi-client survey in the Norwegian Barents Sea.
According to a press release, the total value of the letter of intent is approximately USD 2.5 million.
The company will mobilize the vessel Atlantic Guardian to carry out the survey. The Atlantic Guardian is a specialized vessel for cable laying, seabed mapping, and ROV survey. It was built in 2001 and received a major upgrade in 2014.
The acquisition work is expected to be completed within the second quarter of 2019, EMGS said.
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.