Gulf of Mexico: EMGS bags 3D Pemex gig
related stories
EMGS bags $150m Pemex gig
Norway's Electromagnetic Geoservices (EMGS) has signed a multi-year contract worth a minimum of $150 million with Pemex for 30 deep-water 3D EM surveys.
The work programme is in the Mexican sector of the Gulf of Mexico.
Data acquisition will be performed using the purpose-built 3D EM vessel BOA Thalassa, with mobilisation towards the end of August, the company said in a statement.
As previously communicated, EMGS anticipates that the contract will generate 2010 revenues in the range of $20 to 25 million, and that the remaining contract value will be recognised in 2011 and 2012.
