EMGS Signs Barents Sea Contract

Laxman Pai
Thursday, April 4, 2019

Norwegian offshore survey firm Electromagnetic Geoservices (EMGS) has signed a final contract withSpirit Energy Norway AS  for a survey in the Barents Sea offshore Norway.

According to a stock exchange notification by the geophysical services company, it received a multi-client letter of intent with an approximate value of USD 2.5 million.

"EMGS and the customer, Spirit Energy on behalf of the PL1031 license group, have today entered into a final contract under the letter of intent," it said.

Following an extension of the scope of work, the final contract value is approximately USD 3.4 million.

The vessel Atlantic Guardian has started mobilisation for the survey. It is expected that acquisition will commence early April and be completed within the second quarter of 2019.
 
 Spirit Energy is the operator of the recently awarded Barents Sea block with 40 percent ownership. Its partners in the license are Petoro, Aker BP, Equinor.

Categories: Contracts Geoscience Geospatial Geophysics Survey

Related Stories

Jozwiak Joins GLO Marine as Green Transition Lead

ABL on Tow Job for Mero 3 FPSO’s Voyage to Brazil

Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS

Current News

American Offshore Services Takes Delivery of Its First CTV

Ramboll to Support Development of Renewable Energy Hub in Adriatic Sea

Nautical SUNRISE to Test 5MW Offshore Solar Plant at Dutch Wind Farm

Mermaid Sets Up Subsea Services JV in Vietnam

Subscribe for OE Digital E‑News