EMGS Reports Multi-client Sales
;It satisfying to note that our multi-client library continues to provide value for new and existing clients in the Barents Sea. An increased acceptance of EM as a value-adding exploration tool in the region, and our vast coverage coupled with customer's success, bode well for the future" says CEO Roar Bekker. EMGS' multi-client data library in Norway now covers 44,000 km2 in the Barents Sea, in addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the North Sea.
Bjarte Bruheim Appointed CEO of EMGS
to appoint Bjarte H. Bruheim as Chief Executive Officer of the Company effective from 7 January 2015. Bjarte Bruheim has been the Executive Chairman of EMGS since July 2004, and he has extensive experience from the oil service sector over the past 30 years. Consequently, the Company and Roar Bekker have agreed that Roar Bekker resigns from the Company. He has held the position as CEO of EMGS since 26 May 2009, and has been employed with the Company since 2007. The Board would like to thank Roar Bekker for his valuable contribution to the positive development of EMGS over last few years including
EMGS in Brazil Data Sale
data from a portion of the EMGS' multi-client data library in Foz do Amazonas in Brazil. "This sale is an indication of the sales potential of our multi-client data in this basin. We see the equatorial margin as an exciting and large region for the EM technology going forward," says Roar Bekker, CEO of EMGS. The data will be delivered in December 2014 and EMGS will therefore book the sales in the fourth quarter 2014.
Charter for EM Leader Extended
. "We are very pleased with this new agreement. It maintains our flexibility to reduce our vessel costs by approximately 25% if needed, and at the same time, it secures our revenue capacity for four vessels. This is in line with our strategy to retain a flexible business model," says Roar Bekker, CEO of EMGS. EMGS will charter the vessel for 2 years and has 2 x 1 year options for extension. The agreement includes different rates for when the vessel is in operation, idle or laid up. The new operational rate represent a significant saving compared to the previous. The
EMGS Wins 3D EM Contract with BG Group
USD 27 million for 3D EM data acquisition in Uruguay. "We are delighted to start working for BG in Uruguay on this survey. This contract provides us with a substantially improved backlog and we look forward to further developing our relationship with this customer," says Roar Bekker, CEO of EMGS. It is expected that the data acquisition will start around 15 December 2014 by the vessel EM Leader. The survey has expected duration of 3.5 months
EMGS Reports Multi-client Sales
data library in the Barents Sea. "This sale confirms the increased recognition of the value of EMGS' EM technology as an important exploration tool. The addition of a new supermajor to our expanding customer base proves the breakthrough our technology has had in Norway this year," says Roar Bekker, CEO of EMGS. Of the total sale, data worth USD 4.8 million will be delivered in Q4 2014, of which EMGS will book USD 4.5 million in the quarter after partner's share of the revenues. Data for the remaining USD 3.2 million of the agreement will be booked in 1H 2015. EMGS's multi-client data
3D Survey off Malaysia for EMGS
the name of the contractor. "We are pleased to announce the first of several new projects in Asia. Due to increased demand for our EM services among new and existing customers we anticipate to keep one vessel operating in this region for most of or all of 2015," says CEO of EMGS, Roar Bekker. The survey will be done using the vessel BOA Thalassa, which is MT 6007 design and one of the world’s first custom built ships for seabed logging operations to detect hydrocarbons beneath the seabed. The vessel is currently on its way to Asia and is expected to arrive in Singapore
EMGS Reports Multi-client Sales
;It satisfying to note that our multi-client library continue to provide value for new and existing clients in the Barents Sea. An increased acceptance of EM as a value adding exploration tool in the region, and our vast coverage coupled with customer's success, bode well for the future" says CEO Roar Bekker. EMGS' multi-client data library in the Barents Sea now covers 42,000 km2, in addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the North Sea.
EMGS expands cooperation with TGS in Barents Sea
the EM data over all the new 18 blocks. The expansion of this agreement further confirms the value of integrating 3D EM data with seismic data to reduce risk and discover more in the Barents Sea. The joint sales and marketing efforts will result in broad market exposure of our EM data," said Roar Bekker, CEO of EMGS. The contribution from TGS related to the expansion of the agreement will be booked as a reduction of the carrying value of EMGS's existing multi-client library. EMGS will shortly commence acquisition of 3D EM data in the southeast area of the Barents Sea. The vessel Atlantic
February 2024
