Norway-based Electromagnetic Geoservices (EMGS) has secured a contract with Petrobras for a totally prefunded multi-client survey offshore Brazil.
The overall contract worth is roughly $11.7 million, in line with EMGS.
The survey is anticipated to start out late March or early April 2024, the corporate mentioned.
“We’re delighted to return to Brazil for EMGS’ first acquisition challenge offshore Brazil in virtually 10 years. As 2023 marked a 12 months with little acquisition exercise for EMGS, we’re very happy and inspired by a notable enhance within the variety of lively and mature buyer discussions for acquisition tasks in 2024,” mentioned CEO of EMGS, Bjørn Petter Lindhom.
Lindhom added that along with Petrobras’ challenge offshore Brazil, the corporate expects contract awards for a number of acquisition tasks on the Norwegian Continental Shelf in 2024.
