Electromagnetic Geoservices gets contract in India

Electromagnetic Geoservices gets contract in India

Oslo-listed Electromagnetic Geoservices (EMGS) has signed a letter of award worth around $15.3m for survey work for a “repeat customer” off the east coast of India.

The survey vessel  BOA Thalassa (pictured), which EMGS has on charter from BOA Offshore, will be employed under the contract, which will commence in January 2016 for two months.

The India contract was offered in a public tender in which EMGS was the only bidder, according to the Norwegian company’s third-quarter financial presentation to investors today.

The gross contract value includes approximately 14% service tax, EMGS said.

BOA Thalassa is currently undertaking 3D electromagnetic survey work in offshore Malaysia. Its unnamed client extended its current employment of the vessel by a further six weeks on October 21.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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