Electromagnetic Geoservices ASA (EMGS) was awarded an exploration contract in Saudi Arabia, through its agent the Shaoibi Group.
The contract EMGS won was for an exploration deal in the Red Sea area. The company will use the Boa Galatea vessel, which is the world's second purpose built EM survey ship, for the project.
The vessel BOA Galatea will acquire both 3D electromagnetic (EM) and magnetotelluric (MT) data in the Red Sea over a three-month period. Mobilisation is expected in the early part of the second quarter of 2011.
Roar Bekker, EMGS chief executive officer, commented: "We are delighted to have secured this contract as the Red Sea project is, to our knowledge, the largest combined 3D EM and MT survey ever undertaken. We see this as an endorsement of our technical and operational capabilities, providing further evidence that EM is becoming an established exploration tool."
MT and EM surveys can be performed using the same receiver deployment, with MT measurements recorded when the controlled source is inactive. The MT method is particularly useful in complex salt and basalt areas such as the Red Sea.
Khalid Al Shoaibi, Group Director of Shoaibi Group, said: "We are extremely pleased to have been part of this significant contract being awarded to EMGS. This further manifests our ability to recognise and introduce the latest innovative technology companies to the oil, gas petrochemicals sector in the KSA."
