Electromagnetic Geoservices ASA and its wholly owned subsidiary Electromagnetic Geoservices Canada Inc. (together EMGS) have initiated preparations for carrying out a pre-funded multi-client survey west of Newfoundland, Canada.
The survey represents a minimum level of revenues to EMGS of approx. USD 2.5 million.
The survey is expected to be executed in the fourth quarter of 2017.
Source: EMGS