Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 1.5 million for a research project in Brazil. The project will use 3D EM data to map shallow gas hydrates in the Pelotas Basin.
The project, previously announced in an investor news release, is a collaboration between the Pontifical Catholic University (PUCRS) of Rio Grande do Sul and Petrobras’ Research and Development Center called CENPES.
The vessel EM Leader has commenced the survey.
Roar Bekker, EMGS chief executive officer, +47 911 41 149
Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59