EMGS awaits Red Sea bid outcome

Offshore staff

TRONDHEIM, Norway -- Electromagnetic Geoservices (EMGS) says the tender process for a geophysical program in the Red Sea is in its final stages.

EMGS was invited to tender for the program last August by what it describes as “one of the world’s largest national oil companies”.

Offshore Mozambique, EMGS has won an $8.5-million contract from another unnamed client to acquire 3D electromagnetic data.

The vessel BOA Galatea will mobilize to the area early in February after completing its current assignment in New Zealand. The Mozambique survey will continue through April.

CEO Roar Bekker, commenting on the award, said: "This customer regularly uses 3D EM data to help de-risk hydrocarbon prospects and influence those all-important drilling decisions.”

01/27/2011