Norwegian seismic service provider Electromagnetic Geoservices (EMGS) has been awarded a contract from Brazilian energy giant Petrobras for a fully pre-funded multi-client survey offshore Brazil.
The survey is expected to start in late March or early April 2024. The total contract value is approximately $11.7m.
According to the company, this will be its first acquisition project offshore Brazil in almost ten years.
The company noted that 2023 marked a year with little acquisition activity for EMGS, but that noted an increase in the number of customer discussions for acquisition projects in 2024.
“Based on these early signals, we are optimistic that 2024 will be a good and active year for EMGS. In addition to this project offshore Brazil, we currently expect that there will be several acquisition projects on the Norwegian Continental Shelf this year,” said Bjørn Petter Lindhom, CEO of EMGS.
