EMGS cautious on 2019 seismic service prospects
EMGS’ Atlantic Guardian vessel has completed an $8-million seismic survey offshore South America.
TRONDHEIM, Norway – EMGS’ Atlantic Guardian vessel has completed an $8-million seismic survey offshore South America.
The company expects to operate two acquisition vessels globally in 2019 and plans to continue investing in its multi-client library in select areas.
However, its capital investment plans are limited to maintenance of existing equipment.
EMGS says the market outlook for oil services remains challenging and uncertain, although there has been an increase in commercial activity. It has received increasing numbers of enquiries concerning proprietary acquisitions outside of its stronghold, Norway.