EMGS implements changes to the organisation to reduce cost and increase efficiency
Electromagnetic Geoservices ASA (EMGS) announce several changes to the organisation to reduce the Company's cost base and increase efficiency in line with the level of expected activity.
Settlement of patent disputes between PGS and EMGS
Electromagnetic Geoservices ASA (EMGS or the Company) announces that the Company has entered into a Settlement Agreement with Petroleum Geo-Services ASA (PGS) to settle the two companies’ patent disputes.
Vessel update and activity for the first quarter 2016
Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on contracted or multi-client data acquisition. Downtime (technical or maritime) and standby activities is not included in the utilisation.