News
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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.
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EMGS reports fourth quarter 2015 results
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 20.5 million in the fourth quarter 2015, up from USD 16.3 million in the third quarter and down from USD 52.5 million in the fourth quarter 2014.
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EMGS announce an important operational milestone for one of its vessels
EMGS is pleased to announce that one of its vessels has achieved a milestone on 13 January 2016. The BOA Thalassa, currently operating off the coast of India, has had 2,000 days without any Loss Time Injury (LTI).
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Vessel update and activity for the fourth quarter 2015
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.
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EMGS reports sales from its Norwegian multi-client library
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company for the provision of 3D EM data from the multi-client data library over the Norwegian Sea and the Barents Sea worth a total of USD 4.0 million.
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Hege Veiseth appointed CFO of EMGS
Electromagnetic Geoservices ASA (EMGS) has appointed Hege A. Veiseth(38) as acting CFO of the company effective from 1 January 2016, following the resignation of Svein Knudsen.