Norwegian EMGS Awarded Shallow Water Contract In Malaysia

Electromagnetic
Geoservices ASA (EMGS), Trondheim Norway, has been awarded a contract worth more
than USD 5 million by a repeat customer in Malaysia. The work has commenced
and EMGS is using new technology in water depths of approximately 60 meters.
    Terje
Eidesmo, EMGS president and chief executive officer, said:
    “We
have recently developed new technology that significantly broadens our market
and operating window, enabling EMGS to perform surveys at virtually any water
depth. Important hydrocarbon exploration opportunities remain in many
shallow-water basins across the world, and we expect growing demand for our
innovative technology in the future.”
    EMGS is
assisting this client in the ranking of potential hydrocarbon reserves, as well
as estimating volumes in several prospects.