Pre-funding for multi-client survey in the Norwegian North Sea

Pre-funding for multi-client survey in the Norwegian North Sea

Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has entered into an agreement for pre-funding of a non-exclusive, multi-client 3D CSEM acquisition in the Norwegian North Sea. The pre-funding amounts to approximately USD 1.5 million.

The Company expects to complete the survey in the third quarter of 2018. 

Contact
Hege Veiseth, CFO, +47 992 16 743