EMGS receives Letter of Award
Friday 4 December 2020
Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has received a letter of award for 3D CSEM and MT (magnetotelluric) multi-client survey in the Gulf of Mexico. The letter of award is issued by one of the Company's existing clients and represents the first project for this customer in the Gulf of Mexico.
The Company expects that final contract execution will take place within the next several weeks. Based on the letter of award, the Company will mobilise the Atlantic Guardian for the project. EMGS expects the survey to take one to two months, commencing late Q1 2021.