Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the Company has signed a letter of award with a repeat customer in India worth approximately USD 15.3 million.
The survey, which is located off the eastern coast of India, is expected to start in early January 2016 by the vessel BOA Thalassa. The acquisition phase is estimated to have a duration of approximately 2 months.
The gross contract value includes approximately 14% service tax.
Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59