Electromagnetic Geoservices

Electromagnetic Geoservices has been awarded a 2-year contract worth approximately USD 4.2 million from an unnamed oil company for 3D electromagnetic data acquisition over an operated area in Malaysia. The survey will be carried out using the BOA Thalassa vessel, which is expected to begin acquisition soon. The work is expected to take 1 month and the parties have designed a survey for an optional second phase next year.