EMGS seals Pemex acquisition contract

EMGS seals Pemex acquisition contract

Following on from an LOI in April, seismic specialist Electromagnetic Geoservices (EMGS) has been awarded a multi-year acquisition contract by Mexico’s Pemex.

Commencing in the third quarter, the two-year contract has a minimum value of $29.3m and could reach as high as $73.3m.

EMGS will utilise survey vessel Atlantic Guardian for shallow and deep water surveys in the Gulf of Mexico.

Bjørn Petter Lindhom, CEO of EMGS, commented: “We are proud that PEMEX, one of the world’s largest national oil companies, has again chosen to contract with EMGS for a large multi-year acquisition project. This demonstrates that PEMEX values 3D CSEM data as an important and complementary input in their exploration workflow. We are confident that the 3D CSEM data EMGS will now acquire will help PEMEX identify, evaluate and de-risk prospects, thereby significantly contributing to their exploration efforts.

The contract is the fourth biggest in the history of the Norwegian company.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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