Vessel activity and multi-client sales update for the third quarter 2020

Tuesday 6 October 2020

Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter 4-5 working days after the close of each quarter.

At the end of the third quarter 2020 the Company had one vessel on charter, the Atlantic Guardian. The Atlantic Guardian was cold stacked in Norway for the entire quarter.

Multi-client revenues in the third quarter

The Company expects to record approximately USD 0.1 million in multi-client revenues for the third quarter 2020.