EMGS mobilises survey vessel for potential acquisition contract

Norway's Electromagnetic Geoservices (EMGS) is currently engaged in the final stages of a contractual exchange for a proprietary data acquisition survey with an undisclosed customer.

The survey will take place in South America with an expected duration of between one and two months.

EMGS will be mobilising its survey vessel Atlantic Guardian shortly, at the request of the customer. Under the terms of this request, EMGS will, subject to certain conditions, be compensated for the mobilisation and demobilisation costs in the event no contract is awarded.

Subject to the contract being awarded, EMGS expects that the survey will commence in the fourth quarter of 2018.