Electromagnetic Geoservices ASA (EMGS) has received a letter of intent worth USD 7.0 million from an oil company for 3D EM data acquisition in Thailand and Myanmar.
"This is the first time we operate for this customer and also the first time we operate in Thailand and we are of course pleased to demonstrate the value of our EM technology to this company," says Giles Denby, President Eastern Hemisphere of EMGS.
The marine EM market leader who uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons informed that the survey will be done using the vessel BOA Thalassa and is expected to commence directly after the ongoing survey in Malaysia is completed.